<PAGE>
HARTFORD HLS MUTUAL FUNDS
[HARTFORD LIFE LOGO]
SEMI-ANNUAL REPORT
JUNE 30, 2000
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HARTFORD
GLOBAL HEALTH HLS FUND
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PORTFOLIO MANAGER
JOSEPH H. SCHWARTZ, CFA
Senior Vice President
Wellington Management Company, LLP
ANN C. GALLO
Vice President
Wellington Management Company, LLP
JEAN H. HYNES, CFA
Vice President
Wellington Management Company, LLP
KIRK J. MAYER
Assistant Vice President
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
5/1/00 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Global Health Fund IA $11,908
Goldman Sachs Health
Care Index $11,456
</TABLE>
RETURNS (Inception 5/1/00)
<TABLE>
<CAPTION>
Cumulative Returns
as of June 30, 2000
SINCE INCEPTION
<S> <C>
Global Health IA 19.08%
Goldman Sachs Health Care Index 14.56%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE GLOBAL HEALTH HLS FUND.
(THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford Global Health HLS Fund returned 19.1% (net of mutual fund fees but
excluding insurance fees) since inception (May 1, 2000) through the period
ending June 30, 2000.The Fund's return exceeded that of the Goldman Sachs Health
Care Index of 14.6%.
Q. WHY DID THE FUND PERFORM THIS WAY?
During the second quarter, strength was exhibited throughout the healthcare
sector, with meaningful contributions from essentially all of the sub-sectors.
Health care as a sector significantly outperformed the general stock market
during the second quarter.The Portfolio's current sub-sector emphasis reflects
our opinion as to where growth opportunities are not adequately reflected in
current stock prices.
The Portfolio's sub-sector weightings were in line with the Goldman Sachs
Health Care Index. The analysts remained comparatively optimistic about health
care services and medical product stocks as indicated by the overweight
positions. The pharmaceuticals & biotech sub-sector weighting was moderately
below average, given our view that the recent strong rebound in biotech stocks
more than adequately reflects their bright growth prospects. Finally, the
genomics & life science weighting was essentially in line with the benchmark.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
We believe all of these sub-sectors benefit from aging demographics, technology
breakthroughs, internet and information technology developments, and geographic
expansion. Given future changes in absolute and relative price performance for
stocks in the different sub-sectors, the Portfolio's weights will change
accordingly to exploit developing investment opportunities. There are many
fundamentally attractive companies within the global healthcare sector that are
candidates for future investment. We are very optimistic about the health care
sector's growth outlook.
<PAGE>
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HARTFORD
GLOBAL TECHNOLOGY HLS FUND
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PORTFOLIO MANAGER
SCOTT E. SIMPSON
Vice President
Wellington Management Company, LLP
JOHN F. AVERILL, CFA
Vice President
Wellington Management Company, LLP
BRUCE L. GLAZER
Assistant Vice President
Wellington Management Company, LLP
PAUL D. JACKSON
Assistant Vice President
Wellington Management Company, LLP
ERIC STROMQUIST
Senior Vice President & Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
5/1/00 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Global Tech Fund IA $10,278
Goldman Sachs
Tech Index $ 9,860
</TABLE>
RETURNS (Inception 5/1/00)
<TABLE>
<CAPTION>
Cumulative Returns
as of June 30, 2000
SINCE INCEPTION
<S> <C>
Global Tech IA 2.78%
Goldman Sachs Tech Index -1.40%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE GLOBAL TECHNOLOGY HLS
FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford Global Technology HLS Fund returned 2.8% since inception (May 1, 2000)
through the period ending June 30, 2000. The Fund's return exceeded that of the
Goldman Sachs Technology Composite Index, which returned -1.4%.
Q. WHY DID THE FUND PERFORM THIS WAY?
Over the last three months, all sectors of technology experienced weakness.
However, the software and internet stocks fared the worst. After several months
of strong gains, our investments in the networking & telecommunications
sub-sector also weakened and our holdings in the PC hardware & semiconductors
sub-sector declined modestly. Seeing some incremental opportunities, the team
took advantage of the weakness to add to positions in the telecommunications
equipment, software and internet sectors given their superior growth
characteristics.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
While we continue to believe this positioning is appropriate, and our long-term
favorable outlook is unwavering, we are concerned about the near-term and expect
that the recent volatility will continue. In particular, we remain concerned
that rates may need to increase further and that valuations for some leading
technology companies continue to look stretched. In addition, we are seeing some
signs of weakness in the consumer markets and at the margin some easing of
demand for wireless technologies. As a result, we continue to focus our
attention on infrastructure plays where demand remains robust and valuations
look much more attractive.
<PAGE>
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HARTFORD
SMALL COMPANY HLS FUND
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PORTFOLIO MANAGER
[PHOTO]
STEVE ANGELI, CFA
Vice President
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
8/9/96 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Small Company Fund IA $24,333
Russell 2000 $16,608
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR SINCE INCEPTION
<S> <C> <C>
Small Co. IA 40.83% 25.66%
Russell 2000 14.32% 13.92%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE SMALL COMPANY HLS FUND.
(THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford Small Company HLS Fund returned 3.6% for the 6-month period ending June
30, 2000, underperforming the Lipper Small Cap VA-UF Average return of 7.1% but
outperforming the Russell 2000 Index return of 3.0% over the period.
Q. WHY DID THE FUND PERFORM THIS WAY?
The first 6-months of the year have been extremely volatile for investors. Until
halfway through March it looked as though we were headed for a down first
quarter in the market in spite of excellent earnings prospects and continued low
inflation. The only game in town seemed to be technology with little or no
attention paid to any other sector of the market. While we had been "cautious
about excessive and unprecedented valuations," the market initially pushed
higher even into the headwind of a tight monetary policy. But in April,
investors woke up to the reality of rising rates and escalating inflation and
the bursting technology bubble that sent stocks spiraling downward.
While we reduced the fund's exposure by trimming positions in the technology
sector, we could not escape the market's turmoil. The Portfolio was negatively
impacted by a correction in technology stocks combined with a few fundamental
disappointments. During the correction, we took advantage of cheaper valuations
to increase or establish positions in fundamentally sound companies. The
Portfolio benefited from an overweight position in the energy sector resulting
from a sustainable rise in oil and natural gas prices. Our underweight position
in retail, relative to the Russell 2000, benefited the Portfolio as the Fed's
rate increases had a damaging effect on consumer spending and retail stocks.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
We believe the major rate increases are history that consumer spending should
stabilize, and most retail stocks are at attractive entry points. In such an
environment we would expect consistent growth companies found in such sectors as
consumer staples, financial services and technology to perform quite well.
Cyclicals, both consumer and industrial, may continue to struggle with little
pricing power and continued excess capacity. We remain cautiously optimistic
about the outlook for the equity markets.
<PAGE>
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HARTFORD
CAPITAL APPRECIATION HLS FUND
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PORTFOLIO MANAGER
[PHOTO]
SAUL J. PANNELL, CFA
Senior Vice President and Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
12/31/89 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Capital Appreciation Fund IA $64,172
S&P 500 $51,394
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR 10 YEAR
<S> <C> <C> <C>
Cap App IA 32.34% 23.74% 20.43%
S&P 500 7.24% 23.80% 17.79%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE CAPITAL APPRECIATION HLS
FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Capital Appreciation HLS Fund returned 12.7% for the 6-month period
ending June 30, 2000, versus a return of 3.2% for the Lipper Capital
Appreciation Average.
Q. WHY DID THE FUND PERFORM THIS WAY?
The first half of 2000 has proven to be interesting for investors in equities as
the market rotated out of what had been working in the past into some laggard
sectors. We used the overall turmoil in the market to upgrade the portfolio,
which led to strong returns in June. The Fund's performance was helped primarily
by a diverse group of companies within several macroeconomic sectors.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Our overall strategy for the Fund remains dual faceted: an emphasis on smaller
companies with dynamic earnings growth prospects, and an opportunistic trading
approach to larger-cap stocks where we typically see a catalyst for
outperformance.
We will continue to roam off the beaten path where we believe the most upside
potential resides.This approach, if executed well, should provide positive
absolute and relative results over a reasonable time frame.
<PAGE>
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HARTFORD
MIDCAP HLS FUND
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PORTFOLIO MANAGER
[PHOTO]
PHILLIP H. PERELMUTER
Senior Vice President and Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
7/15/97 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
MidCap Fund IA $26,357
S&P 400 $16,598
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR SINCE INCEPTION
<S> <C> <C>
MidCap IA 47.45% 38.67%
S&P 400 16.98% 18.64%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE MIDCAP HLS FUND. (THE
ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE INSURANCE
CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE VALUE OF THE
CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH MORE OR LESS
THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford MidCap HLS Fund returned 20.5% for the 6-month period ending June 30,
2000.The Fund's return exceeded that of the Lipper MidCap VA-UF Average by 12%
and the S&P Midcap 400 Index by 11.5% over the period.
Q. WHY DID THE FUND PERFORM THIS WAY?
Midcap stocks as measured by the S&P Midcap 400 Index continue to outperform
large-cap stocks (S&P 500 Index) and small-cap stocks (Russell 2000 Index) over
the trailing 1, 2, 3 and 10-year time periods. Year-to-date, the S&P Midcap 400
Index significantly outperformed both the S&P 500 and the Russell 2000 Indices,
9.0%, -0.4%, 3.0%, respectively.
The two strongest sectors were energy and health care. High natural gas and
crude oil prices helped all energy stocks. Health care stocks continued to
remain strong with no cyclical risk due to a slowing economy. During the
6-month period, we increased our health care positions from 12% to 15%
participating in all segments within health care: biotechnology, medical
devices, health care services and medical products. As of the end of the
period, we had the smallest sector bets vs. the S&P Midcap 400 Index than at
any other time during the Portfolio's life. We do not currently see any areas
of the market that are significantly undervalued across the board.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
For the remainder of the year we expect the economy to continue to slow, the
inflation news to improve as energy prices cool off, and the Fed to hold off on
further interest rate increases. In such an environment we would expect
consistent growth companies found in such sectors as consumer staples,
financial services and technology to perform quite well. Cyclicals, both
consumer and industrial, may continue to struggle with little pricing power and
continued excess capacity. We remain cautiously optimistic about the outlook
for the equity markets.
<PAGE>
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HARTFORD
INTERNATIONAL OPPORTUNITIES HLS FUND
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LEAD PORTFOLIO MANAGER
[PHOTO]
TROND SKRAMSTAD
Senior Vice President and Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
7/2/90 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
International Opportunities IA $24,758
EAFE GDP $24,140
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR SINCE INCEP.
<S> <C> <C> <C>
Int'l. Opp. IA 19.08% 13.20% 9.21%
EAFE GDP* 19.76% 14.28% 9.49%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE INTERNATIONAL
OPPORTUNITIES HLS FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL
EXPENSES, BUT EXCLUDE THE INSURANCE CHARGES). PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. THE VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN
REDEEMED, IT MAY BE WORTH MORE OR LESS THAN THE ORIGINAL INVESTMENT.
* THE MORGAN STANLEY EUROPE AUSTRALIA FAR EAST GDP-NET INDEX.
Q. HOW DID THE FUND PERFORM?
Hartford International Opportunities HLS Fund returned -5.7% for the first half
of 2000 versus a return of -3.5% for the Lipper VA-UF International Average over
the same time period.
Q. WHY DID THE FUND PERFORM THIS WAY?
We believe that global economic growth will slow down somewhat as financial
markets are more interested in the directions and rate of change in the economy
rather than its level. Throughout the first half of 2000, we increased our
position in the UK, which is now close to showing an upward inflection point in
its economy. We also consistently added to our holdings in technology and
health care. In the beginning of 2000, we were more optimistic about the
prospects of the Japanese economy and had increased our exposure in that
region. However, we have become a bit more cautious in this area and have
reduced our weightings accordingly.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
As global economic growth is expected to slow from its current pace, we view
health care, as the largest sector overweight, a good defensive play during the
next several months as valuations are still attractive relative to expected
earnings growth rates. In contrast, we expect economically sensitive consumer
areas to fare poorly as economic growth slows, and we thus have our largest
underweight in the consumer discretionary sector. In Europe, the continent is
experiencing a volatile market environment and we increased our exposure to the
UK market, as we believe it to be less exposed to this current environment. In
addition, we expect UK profits to grow better relative to most other markets
over the next year.
<PAGE>
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HARTFORD
GLOBAL LEADERS HLS FUND
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PORTFOLIO MANAGERS
RAND L. ALEXANDER, CFA [PHOTO]
Senior Vice President
and Partner
Wellington Management
Company, LLP
[PHOTO] ANDREW S. OFFIT
Vice President
Wellington Management
Company, LLP
PERFORMANCE OVERVIEW
9/30/98 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Global Leaders IA $20,429
MSCI World $14,751
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR SINCE INCEPTION
<S> <C> <C>
Global Leaders IA 36.44% 50.39%
MSCI World 12.21% 24.86%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE GLOBAL LEADERS HLS FUND.
(THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Global Leaders HLS Fund returned 3.0% for the 6-month period ending
June 30, 2000, versus -0.2% for the Lipper Global Average over the same time
period.
Q. WHY DID THE FUND PERFORM THIS WAY?
Throughout this period, the markets were subject to exceptional volatility,
particularly in technology, media and telecommunications sectors. However, the
Fund remained focused on its themes and sector weightings, and continued to
emphasize growth in both sectors and individual companies. This strategy
contributed to the Fund's outperformance. The best performing sectors were
health care and consumer staples, two areas that do better when there is a
period of economic slowdown. We continue to remain committed to our research
and sector strategy by investing in what we believe to be the best companies,
regardless of where they are located.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
The market environment continues to be both interesting and challenging for
global investors. While volatility can cause periods of dislocation, overall
this is good news for The Hartford Global Leaders portfolio. By their very
nature, global leaders have superior products, market share and management,
making them desirable investments, especially in turbulent times. Over the long
term, so long as we continue to identify the winning sectors and companies, the
Fund should succeed and outperform.
<PAGE>
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HARTFORD
STOCK HLS FUND
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PORTFOLIO MANAGER
[PHOTO]
RAND L. ALEXANDER, CFA
Senior Vice President and Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
12/31/89 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Stock Fund IA $51,371
S&P 500 $48,980
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR 10 YEAR
<S> <C> <C> <C>
Stock IA 4.93% 24.01% 17.22%
S&P 500 7.24% 23.78% 17.78%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE STOCK HLS FUND. (THE
ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE INSURANCE
CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE VALUE OF THE
CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH MORE OR LESS
THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Stock HLS Fund returned -1.0% for the 6-month period ended June
30, 2000. The Fund's return underperformed the S&P 500 Index return of -0.4%
and the Lipper Large-Cap Core Average return of 3.2%.
Q. WHY DID THE FUND PERFORM THIS WAY?
Federal Reserve tightening has been a source of volatility and recurrent
corrections in the US equity market over the last year. Many equity sectors
underperformed during this period with the exception of health care, energy and
technology. The Fund's performance was enhanced through accurate sector
weighting, overweights in health care and energy, and above average stock
selection, particularly in the finance sector. Finally, decreased exposure to
the consumer discretionary spending sector in line with the slowing economy and
increased exposure to consumer staples, financials and technology benefited the
portfolio.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
With expectations for a soft economic landing and continued S&P 500 profit
growth, our outlook on the market overall remains positive. The slowing economy,
and possible end of Federal interest rate hikes bode well for interest sensitive
stock and consistent growth companies. Continued robust growth in technology
investment has favorable consequences for the US economy that will be enduring.
<PAGE>
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HARTFORD
GROWTH AND INCOME HLS FUND
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PORTFOLIO MANAGER
[PHOTO]
JAMES A. RULLO, CFA
Senior Vice President and Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
6/1/98 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Growth and Income Fund IA $14,747
S&P 500 $13,695
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR SINCE INCEPTION
<S> <C> <C>
Growth and Income IA 10.27% 20.42%
S&P 500 7.24% 16.23%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE GROWTH AND INCOME HLS
FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford Growth and Income HLS Fund returned 1.7% for the first half of 2000.
The Fund's return exceeded that of the Lipper Growth & Income VA-UF Average of
-1.1% over the same time period.
Q. WHY DID THE FUND PERFORM THIS WAY?
Stock selection in the food, beverage, and tobacco sector positively contributed
to portfolio performance due to recent consolidation activity. We believe this
activity to continue going forward and are therefore slightly overweight in this
area. For the retail sector, our underweight positioning benefited performance
as these stocks have been under pressure due to rising interest rates and
investors' concerns over wage and fuel costs. Stock selection coupled with an
underweight position in banks boosted relative portfolio performance as this
sector suffered due to concerns regarding loan quality. The Fund's holdings in
the technology sector also contributed strongly to performance.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
The end of Federal Reserve interest rate rises will limit the magnitude of the
slowing in the US economy and provide positive support to US financial markets.
In addition, we anticipate deterioration in the fundamentals of the oil market
going forward as evidenced in the moderation for oil demand. Increased OPEC
production should eventually bring lower energy prices and we therefore have
reduced our overweight positioning in energy sources.
<PAGE>
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HARTFORD
DIVIDEND AND GROWTH HLS FUND
--------------------------------------------------------------------------------
PORTFOLIO MANAGER
[PHOTO]
LAURIE A. GABRIEL, CFA
Senior Vice President and Managing Partner
Wellington Management Company, LLP
PERFORMANCE OVERVIEW
3/9/94 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Dividend and Growth Fund IA $27,215
S&P 500 $35,200
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR SINCE INCEPTION
<S> <C> <C> <C>
Div. and Grow. IA -3.26% 18.13% 17.18%
S&P 500 7.24% 23.80% 22.05%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE DIVIDEND AND GROWTH HLS
FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PER-FORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CON-TRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford Dividend and Growth HLS Fund returned -1.5% for the first half of 2000.
The Fund's return exceeded that of the Lipper Equity Income VA-UF Average of
-1.7% over the same time period.
Q. WHY DID THE FUND PERFORM THIS WAY?
Federal Reserve tightening has been a source of volatility and recurrent
corrections in the US equity market over the last year with continued robust
growth in technology investment. In line with our dividend-oriented value
style, we continue to be underweight in the information technology sector.
Strong stock selection, particularly in the health care sector, was the key to
outperforming the benchmark for the first half of 2000.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Going forward, we expect a deceleration in economic growth and an end to
interest rate tightening. Strong technology spending and gains in productivity
will continue to provide support in the US, moderating the impact of such rate
increases. We continue to search for investment opportunities that produce a
high level of current income coupled with growth of capital to maintain
reasonable investment risk.
<PAGE>
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HARTFORD
INTERNATIONAL ADVISERS HLS
--------------------------------------------------------------------------------
PORTFOLIO MANAGERS
ROBERT EVANS [PHOTO]
Senior Vice President
and Partner
Wellington Management
Company, LLP
[PHOTO] TROND SKRAMSTAD
Senior Vice President
and Partner
Wellington Management
Company, LLP
PERFORMANCE OVERVIEW
3/1/95 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
International Advisers Fund IA $20,848
EAFE GDP $18,781
Salomon World Government Bond ex-U.S. Index $13,235
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR SINCE INCEPTION
<S> <C> <C> <C>
Int'l Advisers IA 13.73% 11.90% 12.53%
EAFE GDP 19.76% 14.28% 14.06%
Salomon World Govt. Bond 5.65% 8.64% 9.27%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE INTERNATIONAL ADVISERS
HLS FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE
THE INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
Hartford International Advisers HLS Fund returned -1.6% for the first half of
2000 versus a return of -0.1% for the Fund's Composite Index (55% MSCI EAFE, 35%
SB Non-US World Government Bond - hedged, and 10% T-Bill) over the same time
period.
Q. WHY DID THE FUND PERFORM THIS WAY?
The major equity markets experienced a volatile time during the first half of
2000 as single digit gains (Paris CAC 40 index +3.9%) and losses (Frankfurt's
DAX 30 index -9.2%) were the norm. We reduced our country weightings in Japan
and emerging markets and increased our weight in the UK. For sectors, we
reduced our holdings in selected telecom and technology stocks because they
looked fully valued. This resulted in a lowering of the Fund's equity holdings
to 54% from a previous 57% when compared to the beginning of the year.
As equity markets corrected, bonds outperformed in general with the US and UK
prospering. The Fund continues to be underweight in Canadian government bonds
and neutral on the currency. Due to the improving economic cycle in Australia
and an undervalued Australian dollar, we are slightly overweight in this area.
We ended the portfolio neutral to European bonds overall with an overweight in
Germany, Greece, and Norway and an underweight in the UK and the other Euro-11
countries. We adjusted the portfolio's bond portion to 35%, up from 15% at the
beginning of the year and cash has been reduced to 11% of the fund, from 28%
over the same time period.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
We expect double-digit earnings growth in the US, Europe, and Japan in 2000 and
2001. In addition, the prospect of more stable central bank interest rates over
the next 12 months should help equity market performance. As the UK economy is
closer to the end of interest rate increase, we believe that UK profit growth
should fare better relative to most other markets over the next year. Although
economic fundamentals are still negative for the global bond markets, valuations
are now attractive and we have therefore began the process of reducing aggregate
European interest exposure as we expect the Euro to appreciate.
<PAGE>
--------------------------------------------------------------------------------
HARTFORD
ADVISERS HLS FUND
--------------------------------------------------------------------------------
PORTFOLIO MANAGERS
RAND L. ALEXANDER, CFA [PHOTO]
Senior Vice President
and Partner
Wellington Management
Company, LLP
[PHOTO] PAUL D. KAPLAN
Senior Vice President
and Partner
Wellington Management
Company, LLP
PERFORMANCE OVERVIEW
12/31/89 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Advisers Fund IA $36,045
S&P 500 $51,414
Lehman Govt./Corp. $21,271
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR 10 YEAR
<S> <C> <C> <C>
Advisers IA 3.98% 17.42% 13.68%
S&P 500 7.24% 23.80% 17.79%
Lehman Govt./Corp. 4.32% 6.10% 7.84%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE ADVISERS HLS FUND. (THE
ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE INSURANCE
CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE VALUE OF THE
CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH MORE OR LESS
THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Advisers HLS Fund returned 0.5%, underperforming the Lipper
Flexible VA- UF Average return of 1.9%. Since inception (7/31/1984), the Fund
has returned 14.5% versus the 12.8% return of its Lipper peer group.
Q. WHY DID THE FUND PERFORM THIS WAY?
Relative performance has been below the historical trend reflecting substantial
turmoil in the equity markets. Interest rate fears and continuing valuation
concerns, particularly in growth stocks, hampered most equity markets. The
equity portion of the Fund's performance benefited from sector weightings and
stock selection, through increased exposure to consumer staples, financials and
technology. In the bond market, we continued to find bond yields attractive
given our outlook for economic growth and inflation.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Federal Reserve tightening has been a source of volatility and recurrent
corrections in the US equity market over the last year. The rise in short-term
interest rates that began one year ago is expected to bring some slowing in US
economic activity during the remainder of 2000. We believe that the Fed rate
cycle and the prospect for stable interest rates will bring improved equity
market performance in the year ahead. From a cyclical standpoint, the end of Fed
tightening, slower US growth and receding inflation pressures should also
provide a positive underpinning to the US bond market.
<PAGE>
--------------------------------------------------------------------------------
HARTFORD
HIGH YIELD HLS FUND
--------------------------------------------------------------------------------
PORTFOLIO MANAGER
[PHOTO]
ALISON D. GRANGER, CFA
Senior Vice President
Hartford Investment
Management Company
PERFORMANCE OVERVIEW
9/30/98 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
High Yield Fund IA $10,839
Lehman High Yield $10,329
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR SINCE INCEPTION
<S> <C> <C>
High Yield Fund IA 1.28% 4.71%
Lehman High Yield -1.03% 1.86%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE HIGH YIELD HLS FUND. (THE
ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE INSURANCE
CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE VALUE OF THE
CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH MORE OR LESS
THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Fund's Class IA shares placed in the 23rd percentile of its Lipper peer
group for the six months ended June 30, 2000, producing a total return of
-0.15% versus the -1.15% return of the Lipper High Current Yield Fixed Income
Variable Annuity Underlying Fund average.
Q. WHY DID THE FUND PERFORM THIS WAY?
There were three major factors that contributed to the Fund's performance in
the first half of this year. First, the Fund's overweight position in BB-rated
issuers, which dramatically outperformed all lower rated securities, boosted
performance. The Fund's overweight of energy-related securities continued to
contribute to the Fund's performance, as the price of oil reached a high toward
the end of June and credit fundamentals improved. Lastly, the Fund's
performance benefited from exposure to euro-denominated high yield securities
purchased in late May. These securities had lagged their dollar-denominated
counterparts as the euro-currency reached a low in eary May, but rebounded in
June as the currency gained 7% from its lows. The Fund's underweight position
in the gaming sector, however, hindered the Fund's performance, as these
issuers prove resilient to the rate tightening environment.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Looking forward, we are emphasizing three themes in the Fund. The first theme
is to maintain our above average exposure to higher quality issuers, given
heightened default risk and decreased issuer-access to capital markets. The
second theme is to maintain overweight position in energy-related issuers and
acute health providers, believing credit fundamentals will remain positive for
energy-related issuers as they reduce leverage and shore up balance sheets, and
for acute healthcare providers which are beginning to emerge from under
governmental scrutiny. The final theme is remain cautious on consumer-sensitive
sectors including retailers, consumer products and financial institutions given
the recent Fed action and the signs of slower growth that are beginning to
emerge in the economic data.
<PAGE>
--------------------------------------------------------------------------------
HARTFORD
BOND HLS FUND
--------------------------------------------------------------------------------
PORTFOLIO MANAGER
[PHOTO]
ALISON D. GRANGER, CFA
Senior Vice President
Hartford Investment
Management Company
PERFORMANCE OVERVIEW
12/31/89 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Bond IA $20,919
Lehman Govt/Corp $21,271
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR 10 YEAR
<S> <C> <C> <C>
Bond IA 5.41% 6.38% 7.66%
Lehman Govt./Corp. 4.32% 6.10% 7.84%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE BOND HLS FUND. (THE
ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE INSURANCE
CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE VALUE OF THE
CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH MORE OR LESS
THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Bond HLS Fund Class IA shares placed in the 7th percentile of its
Lipper peer group for the six-months ended June 2000, producing a total return
of 4.82% versus the 3.08% return of the Lipper Corporate Debt "BBB" rated
Variable Annuity Underlying Fund Universe.
Q. WHY DID THE FUND PERFORM THIS WAY?
There were three major factors that contributed to the Fund's performance in the
first half of the year. The first factor was the Fund's position in U.S.Treasury
securities where we continued to benefit from positive supply/demand factors.
Our holdings in Treasury-Inflation-Protected Securities also performed well
during the early spring. The second contributor to positive performance was the
Fund's overweight in mortgage passthroughs, particularly in GNMA issues. This
sector provided a positive contribution relative to its peer group that we
enjoyed throughout the first half of the year. Lastly, we were allowed to invest
in non-US denominated securities as of May 1, 2000. We quickly established the
Fund's positions in German and French government short-term obligations
denominated in Euro (established in mid-May) which contributed to Fund returns
as the Euro rallied off its lows relative to the dollar.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Given that the Fed has raised interest rates six times in the last 13 months, we
expect to see signs of slowdown in the economy over the coming months. We are
not convinced, however, that the Fed is entirely done with its rate increases
and will remain watchful for signs that indicate the need to slow the economy
further.
Looking ahead, we expect to maintain an overweight in mortgage passthrough
securities for two reasons: the large percentage of the market which is trading
at a discount to par value and the favorable supply/demand balance which our
traders forecast. We favor GNMA issues, as they carry the full faith and credit
of the U.S. government.
While Treasuries do not yield much relative to other fixed income alternatives,
we continue to see opportunity in the Treasury market securities due to the
U.S. government's positive fiscal position and continued focus on debt
reduction. We also expect to be active investors in
Treasury-Inflation-Protected Securities, as we believe that these securities
offer attractive real return potential relative to other U.S. fixed income
alternatives. Although yields on corporate issues are historically high
relative to Treasuries, we remain cautious and selective in our holdings. On
average, we favor investment grade over high yield issues, as we believe that
the yield compensation for investing in fundamentally stable high yield issues
is insufficient relative to that offered in higher-quality issues. We will
monitor market offerings for attractive purchase candidates among stable, large
investment-grade companies. Among specific industries, we favor energy and the
acute care providers within the healthcare sector.
<PAGE>
--------------------------------------------------------------------------------
HARTFORD
MORTGAGE SECURITIES HLS FUND
--------------------------------------------------------------------------------
PORTFOLIO MANAGER
[PHOTO]
PETER PERROTTI
Vice President
Hartford Investment
Management Company (HIMCO)
PERFORMANCE OVERVIEW
12/31/89 - 6/30/00
GROWTH OF A $10,000 INVESTMENT.
[CHART]
[REPRESENTATION OF PLOT POINTS]
<TABLE>
<S> <C>
Mortgage Securities Fund IA $19,930
Lehman Mortgage Backed Securities $21,093
</TABLE>
RETURNS
<TABLE>
<CAPTION>
Average Annual Returns
as of June 30, 2000
1 YEAR 5 YEAR 10 YEAR
<S> <C> <C> <C>
Mort. Sec. IA 4.69% 6.17% 7.14%
Lehman Mort. 5.03% 6.56% 7.75%
</TABLE>
THE CHART REPRESENTS A HYPOTHETICAL INVESTMENT IN THE MORTGAGE SECURITIES HLS
FUND. (THE ANNUALIZED RETURNS INCLUDE THE FUND LEVEL EXPENSES, BUT EXCLUDE THE
INSURANCE CHARGES). PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. THE
VALUE OF THE CONTRACT WILL FLUCTUATE SO THAT WHEN REDEEMED, IT MAY BE WORTH
MORE OR LESS THAN THE ORIGINAL INVESTMENT.
Q. HOW DID THE FUND PERFORM?
The Hartford Mortgage HLS Fund Class IA shares placed in the 58th percentile of
its Lipper peer group for the six-months ended June, 2000, producing a total
return of 3.35% versus the 3.51% return of the Lipper Mortgage Annuity
Underlying Fund Universe.
Q. WHY DID THE FUND PERFORM THIS WAY?
The mortgage market in 2000 has been driven by several strong themes. The
question of creditworthiness weighed heavily on the mortgage market over the
first half of the year. GNMA securities are backed directly by the full faith
and credit of the US government whereas FNMA and FHLMC securities have an
implied full faith and credit backing. The increased scrutiny in Washington on
the FNMA and FHLMC agencies caused their securities to underperform GNMA
mortgage backed securities. Although GNMAs have cheapened in the second quarter,
they still have outperformed their conventional counterparts by over half a
point for the year. The fund's performance also benefited from a significant
underweight in 15year mortgage backed securities as they lagged their 30 year
counterparts by a quarter of a point. The Fund's overweight in higher coupon
mortgages versus the lower coupon (deeper discount) securities hindered
performance.
Q. WHAT IS YOUR OUTLOOK FOR THE REMAINDER OF 2000?
Looking forward, we believe mortgages offer very attractive risk adjusted
returns. With most outstanding mortgages having rates below what is currently
available, refinancing activity should remain low. We will continue to maintain
a significant overweight in the higher coupon and higher yielding mortgage
securities, as we continue to believe they offer excellent relative value. With
the cheapening in Ginnie Mae's, we have brought the weighting to neutral in the
Fund and will look for opportunities to increase our exposure. We expect that
the Government's relationship with Fannie Mae and Freddie Mac will continue to
make headlines and probably will not be resolved until early next year.
<PAGE>
Table of Contents
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
PAGE
-----
<S> <C>
Manager Discussions............................... 1
Hartford HLS Mutual Funds Financial Statements for
Statement of Net Assets or Statement of Assets
and Liabilities as of June 30, 2000:
Hartford Global Health HLS Fund............... MF-1
Hartford Global Technology HLS Fund........... MF-3
Hartford Small Company HLS Fund, Inc.......... MF-4
Hartford Capital Appreciation HLS
Fund, Inc.................................... MF-6
Hartford MidCap HLS Fund, Inc................. MF-9
Hartford International Opportunities HLS
Fund, Inc.................................... MF-11
Hartford Global Leaders HLS Fund.............. MF-15
Hartford Stock HLS Fund, Inc.................. MF-18
Hartford Growth and Income HLS Fund........... MF-20
Hartford Dividend and Growth HLS Fund, Inc.... MF-22
Hartford Index HLS Fund, Inc.................. MF-24
Hartford International Advisers HLS
Fund, Inc.................................... MF-30
Hartford Advisers HLS Fund, Inc............... MF-36
Hartford High Yield HLS Fund.................. MF-41
Hartford Bond HLS Fund, Inc................... MF-45
Hartford Mortgage Securities HLS Fund, Inc.... MF-49
Hartford Money Market HLS Fund, Inc........... MF-51
Statement of Operations for the Period Ended
June 30, 2000.................................. MF-54
Statement of Changes in Net Assets for the
Period Ended June 30, 2000..................... MF-58
Statement of Changes in Net Assets for the Year
Ended December 31, 1999........................ MF-62
Notes to Financial Statements................... MF-66
Hartford HLS Mutual Funds Financial
Highlights..................................... MF-80
</TABLE>
Contract owners should refer to the prospectus provided to them at the time of
purchase of their contract for a description of investment alternatives
available in the Separate Accounts. This prospectus, along with the financial
information contained in this report, provides them with complete and up-to-date
financial information regarding the Separate Account.
This report is prepared for the general information of contract owners and is
not an offer of contracts. It should not be used in connection with any offer,
except in conjunction with the appropriate prospectus which contains all
pertinent information including the applicable sales, administrative and other
charges.
<PAGE>
HARTFORD GLOBAL HEALTH HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
--------- -----------
<C> <S> <C>
COMMON STOCKS -- 96.1%
CHEMICALS -- 11.7%
10,700 Aventis S.A. ADR........................ $ 776,419
37,400 Pharmacia Corp.......................... 1,933,113
-----------
2,709,532
-----------
CONSUMER NON-DURABLES -- 4.3%
5,900 Cardinal Health, Inc.................... 436,600
26,900 McKesson HBOC, Inc...................... 563,219
-----------
999,819
-----------
DRUGS -- 48.3%
18,700 Abbott Laboratories..................... 833,319
24,100 American Home Products Corp............. 1,415,868
37,000 AstraZeneca Group PLC ADR............... 1,720,500
15,000 Banyu Pharmaceutical Co., Ltd........... 367,906
*16,500 BioChem Pharma, Inc..................... 406,313
4,500 Bristol-Myers Squibb Co................. 262,125
*15,000 Connetics Corp.......................... 220,313
12,000 Eisai Co., Ltd.......................... 385,628
*4,100 Forest Laboratories, Inc................ 414,100
*8,700 Genzyme Corp............................ 517,106
*5,100 Gilead Sciences, Inc.................... 362,738
*1,800 IDEC Pharmaceuticals Corp............... 211,163
*15,000 Immunex Corp............................ 741,563
6,400 Nycomed Amersham PLC ADR................ 313,600
*7,600 Regeneron Pharmacy, Inc................. 226,575
14,800 SmithKline Beecham PLC ADR, Class A..... 964,775
9,000 Takeda Chemical Industries Ltd.......... 592,052
35,000 Tanabe Seiyaku Co., Ltd................. 268,285
*21,700 Triangle Pharmaceuticals, Inc........... 196,656
*1,500 Vertex Pharmaceuticals, Inc............. 158,063
*10,400 ViroPharma, Inc......................... 162,500
*9,000 Watson Pharmaceuticals, Inc............. 483,750
-----------
11,224,898
-----------
HEALTH SERVICES -- 10.1%
*10,200 Biovail Corp............................ 565,463
*9,400 Exelixis, Inc........................... 313,725
10,300 HCA Healthcare Corp..................... 312,863
*8,700 Laboratory Corp. of America Holdings.... 670,988
*17,600 Tenet Healthcare Corp................... 475,200
-----------
2,338,239
-----------
MEDICAL INSTRUMENTS & SUPPLIES -- 16.1%
6,300 Bausch & Lomb, Inc...................... 487,463
9,700 Baxter International, Inc............... 682,031
12,900 Becton, Dickinson & Co.................. 370,069
15,200 Biomet, Inc............................. 584,250
*16,300 Boston Scientific Corp.................. 357,581
40,760 Gambro AB, Class B...................... 325,309
6,800 Guidant Corp............................ 336,600
82,384 Smith & Nephew PLC ADR.................. 299,331
*6,600 St. Jude Medical, Inc................... 302,775
-----------
3,745,409
-----------
<CAPTION>
MARKET
SHARES VALUE
--------- -----------
<C> <S> <C>
</TABLE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
--------- -----------
<C> <S> <C>
RESEARCH & TESTING FACILITIES -- 4.2%
*3,800 CV Therapeutics, Inc.................... $ 263,388
*30,300 Quintiles Transnational Corp............ 427,988
*6,500 Sequenom, Inc........................... 294,938
-----------
986,314
-----------
SOFTWARE & SERVICES -- 1.4%
18,000 IMS Health, Inc......................... 324,000
-----------
Total common stocks..................... $22,328,211
===========
<CAPTION>
PRINCIPAL
AMOUNT
---------
<C> <S> <C>
SHORT-TERM SECURITIES -- 4.0%
REPURCHASE AGREEMENT -- 4.0%
$937,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $937,515 (Collateralized
by $125,835,832 U.S. Treasury Notes
5.50% - 7.875% due 08/31/01 - 11/15/04,
$1,943,730,718 U.S. Treasury Bonds 5.25%
-10.625% due 08/15/15 - 02/15/29)....... $ 937,000
-----------
Total short-term securities............. $ 937,000
===========
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
STATEMENT OF ASSETS AND LIABILITIES
ASSETS
Investment in securities, at value (total
cost $20,730,267) - see accompanying portfolio... $23,265,211
Receivable for securities sold.................... 211,076
Receivable for fund shares sold................... 1,026,255
Receivable for dividends and interest............. 9,403
Securities lending collateral..................... 5,219,902
Cash and other assets............................. 1,164
----------
Total assets...................................... 29,733,011
----------
LIABILITIES
Payable for securities purchased.................. 1,254,653
Securities lending collateral payable to
brokers.......................................... 5,219,902
Other liabilities................................. 5,918
----------
Total liabilities................................. 6,480,473
----------
Net assets........................................ $23,252,538
==========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-1 _____________________________________
<PAGE>
HARTFORD GLOBAL HEALTH HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.001 per share;
800,000,000 shares authorized; 19,541,591 shares
outstanding...................................... $ 19,542
Capital surplus................................... 20,289,862
Accumulated undistributed net investment income... 13,666
Accumulated undistributed net realized gain on
investments...................................... 393,818
Unrealized appreciation of investments............ 2,534,944
Unrealized appreciation of forward foreign
currency contracts (See Note 2)w................. 171
Unrealized appreciation of other assets and
liabilities in foreign currencies................ 535
----------
Net assets........................................ $23,252,538
==========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share
($21,731,647 DIVIDED BY 18,263,058 shares
outstanding) (600,000,000 shares authorized)..... $1.19
====
Class IB
Net asset value per share
($1,520,891 DIVIDED BY 1,278,533 shares
outstanding) (200,000,000 shares authorized)..... $1.19
====
</TABLE>
* Non-income producing during the period.
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
TOTAL CONTRACT DELIVERY UNREALIZED
DESCRIPTION MARKET VALUE AMOUNT DATE APPRECIATION
----------- ------------ -------- -------- -------------
<S> <C> <C> <C> <C>
Japanese Yen (Buy) $65,721 $65,550 07/05/00 $171
====
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-2 _____________________________________
<PAGE>
HARTFORD GLOBAL TECHNOLOGY HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF ASSETS AND LIABILITIES
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------- -----------
<C> <S> <C>
COMMON STOCKS -- 95.9%
BUSINESS SERVICES -- 1.8%
*10,000 eBay, Inc............................... $ 543,125
*300 StorageNetworks, Inc.................... 27,075
-----------
570,200
-----------
COMMUNICATIONS -- 10.3%
10,000 Comverse Technology, Inc................ 930,000
*17,800 Digital Microwave Corp.................. 678,625
*16,100 Exodus Communications, Inc.............. 741,606
10,700 Lucent Technologies, Inc................ 633,975
*4,600 Phone.com, Inc.......................... 299,575
-----------
3,283,781
-----------
COMPUTERS & OFFICE
EQUIPMENT -- 25.9%
*45,900 Cisco Systems, Inc...................... 2,917,519
*32,900 Dell Computer Corp...................... 1,622,381
*14,900 EMC Corp................................ 1,146,369
9,400 Hewlett-Packard Co...................... 1,173,825
12,500 International Business Machines Corp.... 1,369,531
-----------
8,229,625
-----------
ELECTRICAL EQUIPMENT -- 1.6%
*9,400 Credence Systems Corp................... 518,763
-----------
ELECTRONICS -- 18.9%
*14,300 Analog Devices, Inc..................... 1,086,800
*12,000 Cypress Semiconductor Corp.............. 507,000
5,300 Intel Corp.............................. 708,544
*13,100 JDS Uniphase Corp....................... 1,570,363
*34,100 MEMC Electronic Materials, Inc.......... 613,800
*14,600 Micron Technology, Inc.................. 1,285,713
*5,600 REMEC, Inc.............................. 234,500
-----------
6,006,720
-----------
MACHINERY -- 2.9%
*5,800 Applied Materials, Inc.................. 525,625
*6,100 Brooks Automation, Inc.................. 390,019
-----------
915,644
-----------
SOFTWARE & SERVICES -- 34.5%
*11,400 3Com Corp............................... 656,925
*10,400 America Online, Inc..................... 548,600
*22,900 Answerthink, Inc........................ 380,713
*6,600 BMC Software, Inc....................... 240,797
*41,300 Ceridian Corp........................... 993,781
*12,800 Cognos, Inc............................. 529,600
15,000 Electronic Data Systems Corp............ 618,750
*21,700 Informix Corp........................... 161,394
*9,400 LookSmart, Ltd.......................... 173,900
*6,600 Macromedia, Inc......................... 638,138
*23,600 Microsoft Corp.......................... 1,888,000
*80,300 Quantum Hard Disk Drive Corp............ 888,316
*10,500 Rational Software Corp.................. 975,844
*6,908 VeriSign, Inc........................... 1,219,174
*12,100 Verity, Inc............................. 459,800
*11,400 Vignette Corp........................... 592,978
-----------
10,966,710
-----------
Total common stocks..................... $30,491,443
===========
<CAPTION>
MARKET
SHARES VALUE
---------- -----------
<C> <S> <C>
PREFERRED STOCKS -- 0.6%
COMMUNICATIONS -- 0.6%
3,900 Nokia Corp.............................. $ 194,754
-----------
Total preferred stocks.................. $ 194,754
===========
<CAPTION>
PRINCIPAL
AMOUNT
----------
<C> <S> <C>
SHORT-TERM SECURITIES -- 8.0%
REPURCHASE AGREEMENT -- 8.0%
$2,546,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $2,547,400
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 2,546,000
-----------
Total short-term securities............. $ 2,546,000
===========
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
STATEMENT OF ASSETS AND LIABILITIES
ASSETS
Investment in securities, at value (total
cost $31,893,883) - see accompanying portfolio... $33,232,197
Receivable for securities sold.................... 1,456,641
Receivable for fund shares sold................... 492,935
Receivable for dividends and interest............. 2,616
Securities lending collateral..................... 4,646,169
Cash and other assets............................. 786
----------
Total assets...................................... 39,831,344
----------
LIABILITIES
Payable for securities purchased.................. 3,375,072
Securities lending collateral payable to
brokers.......................................... 4,646,169
Other liabilities................................. 7,597
----------
Total liabilities................................. 8,028,838
----------
Net assets........................................ $31,802,506
==========
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.001 per share;
800,000,000 shares authorized; 30,421,463 shares
outstanding...................................... $ 30,421
Capital surplus................................... 30,171,870
Accumulated net investment loss................... (10,338)
Accumulated undistributed net realized gain on
investments...................................... 272,239
Unrealized appreciation of investments............ 1,338,314
----------
Net assets........................................ $31,802,506
==========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share
($29,501,636 DIVIDED BY 28,219,859 shares
outstanding) (600,000,000 shares authorized)..... $1.05
====
Class IB
Net asset value per share
($2,300,870 DIVIDED BY 2,201,604 shares
outstanding) (200,000,000 shares authorized)..... $1.05
====
</TABLE>
* Non-income producing during the period.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-3 _____________________________________
<PAGE>
HARTFORD SMALL COMPANY HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
COMMON STOCKS -- 91.4%
APPAREL & TEXTILE -- 0.1%
*176,300 Steven Madden Ltd....................... $ 1,156,969
--------------
BUSINESS SERVICES -- 5.6%
*589,500 APAC Customer Services, Inc............. 6,521,344
*706,500 Iron Mountain, Inc...................... 24,021,000
516,700 Manpower, Inc........................... 16,534,400
*595,100 NCO Group, Inc.......................... 13,761,688
*11,200 StorageNetworks, Inc.................... 1,010,800
--------------
61,849,232
--------------
COMMUNICATIONS -- 12.0%
*297,200 AirGate PCS, Inc........................ 15,621,575
*493,400 Andrew Corp............................. 16,559,738
*109,600 Carrier Access Corp..................... 5,795,100
*473,500 Digital Microwave Corp.................. 18,052,188
*383,600 MGC Communications, Inc................. 22,992,025
*304,100 Primus Telecommunications Group, Inc.... 7,564,488
*171,900 Rural Cellular Corp., Class A........... 13,161,094
*127,300 SBA Communications Corp................. 6,611,644
*67,000 SonicWall, Inc.......................... 5,900,188
*372,900 Spectrasite Holdings, Inc............... 10,581,038
*-92,900 Tecnomen Oyj............................ 801,476
*600,800 US Unwired Inc., Class A................ 7,810,400
*18,600 Westell Technologies, Inc., Class A..... 279,000
--------------
131,729,954
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 1.4%
*836,000 Splash Technology Holdings, Inc......... 6,583,500
*291,200 Visual Networks, Inc.................... 8,299,200
--------------
14,882,700
--------------
CONSTRUCTION -- 1.2%
*241,500 Quanta Services, Inc.................... 13,282,500
--------------
DRUGS -- 3.1%
*249,503 Gilead Sciences, Inc.................... 17,745,901
*122,700 Lynx Therapeutics, Inc.................. 5,835,919
*8,340 MediGene AG............................. 543,635
*50,100 Myriad Genetics, Inc.................... 7,418,714
*45,200 Visible Genetics, Inc................... 2,039,650
--------------
33,583,819
--------------
ELECTRICAL EQUIPMENT -- 3.0%
*41,800 Capstone Turbine Corp................... 1,883,613
*112,000 Newport Corp............................ 12,026,000
257,600 Veeco Instruments, Inc.................. 18,869,200
--------------
32,778,813
--------------
ELECTRONICS -- 11.2%
*74,800 Alliance Semiconductor Corp............. 1,837,275
*376,000 ASM International N.V................... 9,964,000
*153,000 Burr-Brown Corp......................... 13,263,175
*164,600 Emcore Corp............................. 19,752,000
*160,100 GSI Lumonics, Inc....................... 5,623,513
*310,000 International Rectifier Corp............ 17,360,000
210,500 Methode Electronics, Inc., Class A...... 8,130,563
*177,700 Plexus Corp............................. 20,080,100
*255,200 REMEC, Inc.............................. 10,686,500
*154,900 Supertex, Inc........................... 7,783,725
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
</TABLE>
ELECTRONICS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
*217,400 Telcom Semiconductors, Inc.............. $ 8,709,588
--------------
123,190,439
--------------
ENERGY & SERVICES -- 4.0%
770,500 Cross Timbers Oil Co.................... 17,047,313
*439,900 Hanover Compressor Co................... 16,716,200
*429,875 Varco International, Inc................ 9,994,594
--------------
43,758,107
--------------
FINANCIAL SERVICES -- 4.8%
393,200 Annuity & Life Re (Holdings), Ltd....... 9,633,400
*338,900 Investment Technology Group, Inc........ 13,386,550
313,400 Legg Mason, Inc......................... 15,670,000
302,700 People's Bank........................... 5,562,113
*156,500 Trigon Healthcare, Inc.................. 8,069,531
--------------
52,321,594
--------------
HEALTH SERVICES -- 3.1%
*1,625,100 Caremark Rx, Inc........................ 11,070,994
*203,900 Express Scripts, Inc., Class A.......... 12,667,288
*816,100 Foundation Health Systems, Inc.,
Class A................................ 10,609,300
--------------
34,347,582
--------------
MACHINERY -- 1.9%
*335,200 Brooks Automation, Inc.................. 21,431,851
--------------
MEDIA & ENTERTAINMENT -- 2.2%
*503,300 Cumulus Media, Inc., Class A............ 4,592,613
248,000 Pegasus Communications Corp., Class A.. 12,167,500
*839,100 Regent Communications, Inc.............. 7,211,016
--------------
23,971,129
--------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 0.2%
360,400 Omnicare, Inc........................... 3,266,125
--------------
METALS, MINERALS & MINING -- 2.6%
872,000 Minas Buenaventura ADR, Class B......... 15,096,500
*479,500 Stillwater Mining Co.................... 13,366,063
--------------
28,462,563
--------------
REAL ESTATE -- 1.7%
365,600 Liberty Property Trust (REIT)........... 9,482,750
386,600 Reckson Associates Realty Corp. (REIT).. 9,181,750
--------------
18,664,500
--------------
RESEARCH & TESTING FACILITIES -- 5.1%
*80,100 Aurora Biosciences Corp................. 5,461,819
*297,600 Gene Logic, Inc......................... 10,620,600
*434,500 Quest Diagnostics, Inc.................. 32,478,875
*159,600 Sequenom, Inc........................... 7,241,850
--------------
55,803,144
--------------
RETAIL -- 4.2%
321,600 Applebee's International, Inc........... 9,748,500
*397,050 Cheesecake Factory, Inc. (The).......... 10,918,875
*445,250 Pacific Sunwear of California, Inc...... 8,348,438
*257,500 Whole Foods Market, Inc................. 10,637,969
*217,200 Williams-Sonoma, Inc.................... 7,045,425
--------------
46,699,207
--------------
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-4 _____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
SOFTWARE & SERVICES -- 17.4%
*551,900 Affiliated Computer Services, Inc.,
Class A................................ $ 18,247,194
*880,000 Brio Technology, Inc.................... 18,645,000
*389,200 Cognos, Inc............................. 16,103,150
*296,100 Documentum, Inc......................... 26,463,938
*230,000 Macromedia, Inc......................... 22,238,125
*317,200 Mercator Software, Inc.................. 21,807,500
*483,000 Novadigm, Inc........................... 9,539,250
*531,800 Peregrine Systems, Inc.................. 18,446,813
*336,300 Remedy Corp............................. 18,748,725
*429,400 Verity, Inc............................. 16,317,200
*88,700 WatchGuard Technologies, Inc............ 4,872,956
--------------
191,429,851
--------------
TRANSPORTATION -- 6.6%
*484,100 Atlas Air, Inc.......................... 17,367,088
142,800 Robinson (C.H.) Worldwide, Inc.......... 7,068,600
*379,300 Ryanair Holdings PLC ADR................ 13,844,450
506,700 SkyWest, Inc............................ 18,779,569
*1,134,000 Swift Transportation Co., Inc........... 15,876,000
--------------
72,935,707
--------------
Total common stocks..................... $1,005,545,786
==============
<CAPTION>
PRINCIPAL
AMOUNT
---------------------------------------------------------------------
SHORT-TERM SECURITIES -- 7.3%
<C> <S> <C>
REPURCHASE AGREEMENT -- 7.3%
$80,624,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $80,668,330
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 80,624,000
--------------
Total short-term securities............. $ 80,624,000
--------------
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks
(cost $892,170,011).................... 91.4% $1,005,545,786
Total short-term securities
(cost $80,624,000)..................... 7.3 80,624,000
----- -------------
Total investment in securities
(total cost $972,794,011).............. 98.7 1,086,169,786
Cash, receivables and other assets...... 3.6 39,531,670
Securities lending collateral........... 18.2 199,894,731
Payable for securities purchased........ (2.2) (24,290,926)
Payable for fund shares redeemed........ (0.1) (544,307)
Securities lending collateral payable to
brokers................................ (18.2) (199,894,731)
Other liabilities....................... (0.0) (1,807)
----- -------------
Net assets.............................. 100.0% $1,100,864,416
===== =============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
1,500,000,000 shares authorized; 547,503,658
shares outstanding............................ $ 54,750,366
Capital surplus................................ 844,745,938
Accumulated net investment loss................ (1,029,598)
Accumulated undistributed net realized gain on
investments................................... 89,018,325
Unrealized appreciation of investments......... 113,375,766
Unrealized appreciation of forward foreign
currency contracts (See Note 2)w.............. 17,873
Unrealized depreciation of other assets and
liabilities in foreign currencies............. (14,254)
-------------
Net assets..................................... $1,100,864,416
=============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share
($1,073,047,826 DIVIDED BY 533,648,115 shares
outstanding) (1,125,000,000 shares authorized)....... $2.01
====
Class IB
Net asset value per share ($27,816,590 DIVIDED BY
13,855,543 shares outstanding) (375,000,000 shares
authorized).......................................... $2.01
====
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $801,476 or 0.1% of
net assets.
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
TOTAL CONTRACT DELIVERY UNREALIZED
DESCRIPTION MARKET VALUE AMOUNT DATE APPRECIATION
----------- ------------ -------- -------- -------------
<S> <C> <C> <C> <C>
EURO (Buy) $335,774 $334,475 07/03/00 $ 1,299
EURO (Buy) 756,949 740,375 07/03/00 16,574
-------
$17,873
=======
</TABLE>
_____________________________________ MF-5 _____________________________________
<PAGE>
HARTFORD CAPITAL APPRECIATION HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
COMMON STOCKS -- 89.3%
APPAREL & TEXTILE -- 0.4%
374,200 Gucci Group NV.......................... $ 35,455,450
--------------
BUSINESS SERVICES -- 2.6%
*1,390,750 Concord EFS, Inc........................ 36,159,500
*985,000 Critical Path, Inc...................... 57,437,813
*821,200 eBay, Inc............................... 44,601,425
2,550,000 Manpower, Inc........................... 81,600,000
*1,500,000 United Rentals (North America), Inc..... 25,687,500
--------------
245,486,238
--------------
CHEMICALS -- 3.6%
2,589,300 Dow Chemical Co. (The).................. 78,164,494
5,100,000 Pharmacia Corp.......................... 263,606,250
--------------
341,770,744
--------------
COMMUNICATIONS -- 6.4%
*2,000,000 American Tower Corp., Class A........... 83,375,000
1,300,000 AT&T Corp............................... 41,112,500
2,225,600 Broadwing, Inc.......................... 57,726,500
*825,000 Crown Castle International Corp......... 30,112,500
*2,534,800 Global Crossing Ltd..................... 66,696,923
*2,000,000 Intermedia Communications, Inc.......... 59,500,000
*1,617,500 Phone.com, Inc.......................... 105,339,688
4,000,000 Portugal Telecom S.A. ADR............... 45,000,000
*1,000,000 Teligent, Inc., Class A................. 23,625,000
*1,900,000 Worldcom, Inc........................... 87,162,500
--------------
599,650,611
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 3.6%
*900,000 Cisco Systems, Inc...................... 57,206,250
*3,000,000 Maxtor Corp............................. 31,687,500
*2,500,000 Solectron Corp.......................... 104,687,500
2,700,000 Symbol Technologies, Inc................ 145,800,000
--------------
339,381,250
--------------
CONSUMER DURABLES -- 0.5%
1,650,000 Grainger (W.W.), Inc.................... 50,840,625
--------------
CONSUMER NON-DURABLES -- 3.0%
4,100,000 McKesson HBOC, Inc...................... 85,843,750
2,314,100 Procter & Gamble Co. (The).............. 132,482,225
*5,100,000 Smurfit-Stone Container Corp............ 65,662,500
--------------
283,988,475
--------------
DRUGS -- 5.6%
1,600,000 American Home Products Corp............. 94,000,000
2,865,700 AstraZeneca Group PLC................... 133,882,428
37,000 Fujisawa Pharmaceutical Co.............. 1,500,262
*2,000,000 Genzyme Corp............................ 118,875,000
*990,000 Gilead Sciences, Inc.................... 70,413,750
*2,130,800 Immunex Corp............................ 105,341,425
--------------
524,012,865
--------------
ELECTRICAL EQUIPMENT -- 1.2%
*1,500,000 Credence Systems Corp................... 82,781,250
*934,900 Ionics, Inc............................. 28,631,313
--------------
111,412,563
--------------
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
ELECTRONICS -- 8.5%
*1,700,000 Analog Devices, Inc..................... $ 129,200,000
*843,600 JDS Uniphase Corp....................... 101,126,550
3,600,000 Koninklijke Philips Electronics N.V.
ADR, NY Shares......................... 171,000,000
*2,350,000 Micron Technology, Inc.................. 206,946,875
136,670 Samsung Electronics..................... 45,230,280
550,000 Siemens AG.............................. 82,668,715
*1,600,000 UCAR International, Inc................. 20,900,000
*1,216,300 Vishay Intertechnology, Inc............. 46,143,381
--------------
803,215,801
--------------
ENERGY & SERVICES -- 5.0%
1,765,600 Exxon Mobil Corp........................ 138,599,600
*541,800 R&B Falcon Corp......................... 12,766,163
1,094,500 Repsol YPF S.A. ADR..................... 21,684,781
6,200,000 Suncor Energy, Inc...................... 144,537,500
1,691,570 Transocean Sedco Forex, Inc............. 90,393,272
2,891,300 Union Pacific Resources Group, Inc...... 63,608,600
--------------
471,589,916
--------------
FINANCIAL SERVICES -- 9.5%
3,564,200 Ace Ltd................................. 99,797,600
1,500,000 Bank One Corp........................... 39,843,750
1,573,900 Citigroup, Inc.......................... 94,827,475
1,436,440 Fleet Boston Financial Corp............. 48,838,960
2,900,000 Heller Financial, Inc., Class A......... 59,450,000
1,065,500 Legg Mason, Inc......................... 53,275,000
900,000 Marsh & McLennan Cos., Inc.............. 93,993,750
2,200,000 MBIA, Inc............................... 106,012,500
*2,645,900 MetLife, Inc............................ 55,729,269
1,700,000 Morgan Stanley Dean Witter & Co......... 141,525,000
1,300,000 UnitedHealth Group, Inc................. 111,475,000
--------------
904,768,304
--------------
FOOD, BEVERAGE & TOBACCO -- 2.0%
1,905,000 Philip Morris Co., Inc.................. 50,601,563
963,000 Reynolds (R.J) Tobacco Holdings, Inc.... 26,903,813
5,584,800 Sara Lee Corp........................... 107,856,450
--------------
185,361,826
--------------
HEALTH SERVICES -- 0.7%
2,100,000 HCA Healthcare Corp..................... 63,787,500
--------------
HOTELS & GAMING -- 0.7%
2,028,100 Starwood Hotels & Resorts
Worldwide, Inc......................... 66,040,006
--------------
MACHINERY -- 0.3%
*2,000,000 Terex Corp.............................. 28,250,000
--------------
MEDIA & ENTERTAINMENT -- 4.5%
*1,000,000 AMFM, Inc............................... 69,000,000
*1,084,300 AT&T - Liberty Media Group, Class A..... 26,294,275
3,000,000 Dai Nippon Printing Co., Ltd............ 52,995,465
*4,084,300 Rogers Communications, Inc., Class B.... 116,402,550
900,000 Seagram Company Ltd. (The).............. 52,200,000
*1,251,200 SFX Entertainment, Inc., Class A........ 56,695,000
*1,600,000 TV Guide, Inc........................... 54,800,000
--------------
428,387,290
--------------
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-6 _____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
MEDICAL INSTRUMENTS &
SUPPLIES -- 2.5%
910,200 Bausch & Lomb, Inc...................... $ 70,426,725
4,500,000 Becton, Dickinson & Co.................. 129,093,750
*1,500,000 Boston Scientific Corp.................. 32,906,250
--------------
232,426,725
--------------
METALS, MINERALS &
MINING -- 3.1%
2,785,900 Alcan Aluminum Ltd...................... 86,362,900
2,501,000 AngloGold Ltd. ADR...................... 51,426,813
1,500,000 Engelhard Corp.......................... 25,593,750
*4,600,000 Freeport-McMoRan Copper & Gold, Inc.,
Class B................................ 42,550,000
2,204,800 General Cable Corp...................... 17,914,000
1,550,200 Precision Castparts Corp................ 70,146,550
--------------
293,994,013
--------------
REAL ESTATE -- 1.1%
*1,315,000 Beacon Capital Partners, Inc. (REIT).... 17,095,000
1,000,000 Boston Properties, Inc. (REIT).......... 38,625,000
*2,794,400 Security Capital Group, Inc.,
Class B................................ 47,504,800
--------------
103,224,800
--------------
RESEARCH & TESTING
FACILITIES -- 0.2%
*1,633,300 Quintiles Transnational Corp............ 23,070,363
--------------
RETAIL -- 0.8%
*1,500,000 Cheesecake Factory, Inc. (The).......... 41,250,000
1,853,190 Hennes & Mauritz AB..................... 38,877,853
--------------
80,127,853
--------------
RUBBER & PLASTICS PRODUCTS -- 0.3%
711,500 NIKE, Inc., Class B..................... 28,326,594
--------------
SOFTWARE & SERVICES -- 14.5%
*2,400,000 3Com Corp............................... 138,300,000
*1,850,000 America Online, Inc..................... 97,587,500
*1,476,400 Avant! Corp............................. 27,659,431
*1,800,000 BMC Software, Inc....................... 65,671,875
*2,500,000 Cabletron Systems, Inc.................. 63,125,000
*1,589,200 China Unicom Ltd. ADR................... 33,770,500
*1,055,000 Cognex Corp............................. 54,596,250
*2,000,000 Cognos, Inc............................. 82,750,000
1,200,300 Comdisco, Inc........................... 26,781,694
765,400 Electronic Data Systems Corp............ 31,572,750
2,300,000 First Data Corp......................... 114,137,500
*350,000 Genuity, Inc............................ 3,204,688
*420,000 Healtheon/WebMD Corp.................... 6,221,250
*799,100 Intuit, Inc............................. 33,062,763
*1,300,000 LookSmart, Ltd.......................... 24,050,000
*1,900,000 Rational Software Corp.................. 176,581,250
*1,476,400 VeriSign, Inc........................... 260,584,600
*2,599,400 Vignette Corp........................... 135,209,412
--------------
1,374,866,463
--------------
TRANSPORTATION -- 3.5%
*2,633,000 AMR Corp................................ 69,609,938
1,600,000 Canadian Pacific Ltd.................... 41,900,000
3,000,000 Delphi Automotive Systems Corp.......... 43,687,500
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
TRANSPORTATION -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
1,781,200 Northrop Grumman Corp................... $ 118,004,500
1,140,000 USFreightways Corp...................... 28,001,250
2,154,000 Werner Enterprises, Inc................. 24,905,625
--------------
326,108,813
--------------
UTILITIES -- 5.1%
*5,325,900 Calpine Corp............................ 350,177,925
2,091,900 CMS Energy Corp......................... 46,283,288
4,200,000 Waste Management, Inc................... 79,800,000
--------------
476,261,213
--------------
Total common stocks..................... $8,421,806,301
==============
CONVERTIBLE PREFERRED STOCKS -- 0.1%
HOTELS & GAMING -- 0.1%
-62,427 Wyndham International, Inc., Class B.... $ 6,116,315
--------------
Total convertible preferred stocks...... $ 6,116,315
==============
VOTING TRUSTS -- 0.0%
COMMUNICATIONS -- 0.0%
*-234,525 Cypress Communications, Inc............. $ 1,530,273
--------------
SOFTWARE & SERVICES -- 0.0%
*-72,315 Internap Network Services Corp.......... 2,701,978
--------------
Total voting trusts..................... $ 4,232,251
==============
<CAPTION>
PRINCIPAL
AMOUNT
----------------------------------------------------------------------
SHORT-TERM SECURITIES -- 9.3%
<C> <S> <C>
REPURCHASE AGREEMENT -- 9.3%
$879,472,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $879,955,570
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 879,472,000
--------------
Total short-term securities............. $ 879,472,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks (cost $6,784,936,353).... 89.3% $8,421,806,301
Total convertible preferred stocks (cost
$5,711,961)................................. 0.1 6,116,315
Total voting trusts (cost $1,432,036)........ 0.0 4,232,251
Total short-term securities (cost
$879,472,000)............................... 9.3 879,472,000
------ -------------
Total investment in securities (total cost
$7,671,552,350)............................. 98.7 9,311,626,867
Cash, receivables and other assets........... 2.3 219,181,562
Securities lending collateral................ 8.4 790,421,193
Payable for securities purchased............. (1.0) (99,323,694)
Payable for fund shares redeemed............. (0.0) (1,679,031)
Securities lending collateral payable to
brokers..................................... (8.4) (790,421,193)
Other liabilities............................ (0.0) (301,766)
------ -------------
Net assets................................... 100.0% $9,429,503,938
====== =============
</TABLE>
_____________________________________ MF-7 _____________________________________
<PAGE>
HARTFORD CAPITAL APPRECIATION HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
<S> <C> <C>
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
3,000,000,000 shares authorized; 1,587,054,220
shares outstanding................................. $ 158,705,422
Capital surplus..................................... 6,086,243,577
Accumulated undistributed net investment income..... 28,097,122
Accumulated undistributed net realized gain on
investments........................................ 1,516,523,055
Unrealized appreciation of investments.............. 1,640,075,682
Unrealized appreciation of forward foreign currency
contracts (See Note 2)w............................ 28,861
Unrealized depreciation of other assets and
liabilities in foreign currencies.................. (169,781)
-------------
Net assets.......................................... $9,429,503,938
=============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($9,370,818,719 DIVIDED BY
1,577,172,355 shares outstanding) (2,250,000,000 shares
authorized).................................................. $5.94
====
Class IB
Net asset value per share ($58,685,219 DIVIDED BY 9,881,865
shares outstanding) (750,000,000 shares authorized).......... $5.94
====
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $10,348,566 or 0.1%
of net assets.
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
UNREALIZED
TOTAL CONTRACT DELIVERY APPRECIATION
DESCRIPTION MARKET VALUE AMOUNT DATE (DEPRECIATION)
----------- ------------ ---------- -------- --------------
<S> <C> <C> <C> <C>
Japanese Yen (Sell) $4,038,913 $4,072,497 07/05/00 $ 33,584
Japanese Yen (Sell) 7,101,489 7,083,012 07/05/00 (18,477)
Japanese Yen (Sell) 5,961,935 5,975,689 07/03/00 13,754
--------
$ 28,861
========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-8 _____________________________________
<PAGE>
HARTFORD MIDCAP HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
COMMON STOCKS -- 98.6%
AEROSPACE & DEFENSE -- 0.8%
*280,100 SCI Systems, Inc........................ $ 10,976,419
--------------
APPAREL & TEXTILE -- 0.3%
121,100 Liz Claiborne, Inc...................... 4,268,775
--------------
BUSINESS SERVICES -- 6.4%
167,700 Cintas Corp............................. 6,152,494
*409,300 Convergys Corp.......................... 21,232,438
*83,800 Critical Path, Inc...................... 4,886,588
*476,050 Iron Mountain, Inc...................... 16,185,700
*185,600 Lamar Advertising Co., Class A.......... 8,038,800
899,500 Manpower, Inc........................... 28,784,000
--------------
85,280,020
--------------
CHEMICALS -- 0.9%
251,900 Eastman Chemical Co..................... 12,028,225
--------------
COMMUNICATIONS -- 7.3%
*830,200 American Tower Corp., Class A........... 34,608,963
*58,600 Crown Castle International Corp......... 2,138,900
*1,017,900 McLeodUSA, Inc., Class A................ 21,057,806
*440,900 Nextel Partners, Inc.................... 14,356,806
*197,200 RCN Corp................................ 5,003,950
*251,000 TeleCorp PCS, Inc....................... 10,118,438
*181,800 Western Wireless Corp., Class A......... 9,908,100
--------------
97,192,963
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 2.1%
*320,300 Handspring, Inc......................... 8,648,100
*404,100 Jabil Circuit, Inc...................... 20,053,463
--------------
28,701,563
--------------
CONSUMER DURABLES -- 1.1%
545,900 Herman Miller, Inc...................... 14,125,163
--------------
CONSUMER NON-DURABLES -- 0.8%
536,000 McKesson HBOC, Inc...................... 11,222,500
--------------
DRUGS -- 5.2%
*173,200 Forest Laboratories, Inc................ 17,493,200
*214,200 Gilead Sciences, Inc.................... 15,234,975
*102,900 IDEC Pharmaceuticals Corp............... 12,071,456
*503,100 Immunex Corp............................ 24,872,006
--------------
69,671,637
--------------
EDUCATION -- 0.9%
*465,800 DeVry, Inc.............................. 12,314,588
--------------
ELECTRICAL EQUIPMENT -- 5.2%
259,500 Danaher Corp............................ 12,829,031
211,900 Tektronix, Inc.......................... 15,680,600
*177,400 Teradyne, Inc........................... 13,038,900
*125,100 Waters Corp............................. 15,614,041
268,000 White Electronic Designs Corp........... 11,825,500
--------------
68,988,072
--------------
ELECTRONICS -- 8.1%
*176,820 Analog Devices, Inc..................... 13,438,320
*360,000 Flextronics International Ltd........... 24,727,500
*93,200 Lattice Semiconductor Corp.............. 6,442,450
70,900 Molex, Inc., Class A.................... 2,481,500
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
</TABLE>
ELECTRONICS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
*271,000 Novellus Systems, Inc................... $ 15,328,438
*85,600 Rambus, Inc............................. 8,816,800
*348,200 Sanmina Corp............................ 29,771,100
*98,700 Vitesse Semiconductor Corp.............. 7,260,619
--------------
108,266,727
--------------
ENERGY & SERVICES -- 8.5%
432,900 Anadarko Petroleum Corp................. 21,347,381
*456,400 Global Marine, Inc...................... 12,864,775
*224,200 Nabors Industries, Inc.................. 9,318,313
*1,223,800 R&B Falcon Corp......................... 28,835,781
625,900 Suncor Energy, Inc...................... 14,591,294
495,700 Transocean Sedco Forex, Inc............. 26,488,969
--------------
113,446,513
--------------
FINANCIAL SERVICES -- 5.8%
1,056,900 Ace Ltd................................. 29,593,200
247,096 Legg Mason, Inc......................... 12,354,800
284,000 MBIA, Inc............................... 13,685,250
204,100 State Street Corp....................... 21,647,356
--------------
77,280,606
--------------
FOREST & PAPER PRODUCTS -- 1.0%
1,418,500 Abitibi-Consolidated, Inc............... 13,298,438
--------------
HEALTH SERVICES -- 3.2%
*1,008,500 Health Management Associates, Inc., 13,173,531
Class A................................
*108,100 Human Genome Sciences, Inc.............. 14,417,838
*565,300 Tenet Healthcare Corp................... 15,263,100
--------------
42,854,469
--------------
HOTELS & GAMING -- 0.9%
361,400 Starwood Hotels & Resorts 11,768,088
Worldwide, Inc.........................
--------------
MACHINERY -- 2.0%
*258,700 Grant Prideco, Inc...................... 6,467,500
60,300 Harris Corp............................. 1,974,825
*310,000 Lam Research Corp....................... 11,625,000
*85,800 Smith International, Inc................ 6,247,313
--------------
26,314,638
--------------
MEDIA & ENTERTAINMENT -- 4.9%
*343,000 Adelphia Communications Corp., 16,078,125
Class A................................
*152,500 Allegiance Telecom, Inc................. 9,760,000
370,400 Pegasus Communications Corp., Class A.. 18,172,750
289,800 Scripps (E.W.) Co. (The), Class A....... 14,272,650
*69,700 Univision Communications, Inc., 7,213,950
Class A................................
--------------
65,497,475
--------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 3.2%
227,600 Becton, Dickinson & Co.................. 6,529,275
567,700 Biomet, Inc............................. 21,820,969
*319,600 St. Jude Medical, Inc................... 14,661,650
--------------
43,011,894
--------------
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-9 _____________________________________
<PAGE>
HARTFORD MIDCAP HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- --------------
<C> <S> <C>
METALS, MINERALS & MINING -- 0.9%
279,000 Vulcan Materials Co..................... $ 11,909,813
--------------
RESEARCH & TESTING FACILITIES -- 1.2%
*209,200 Quest Diagnostics, Inc.................. 15,637,700
--------------
RETAIL -- 6.8%
1,617,568 Dollar General Corp..................... 31,542,576
556,700 Family Dollar Stores, Inc............... 10,890,444
1,105,040 Intimate Brands, Inc., Class A.......... 21,824,540
351,100 RadioShack Corp......................... 16,633,363
*272,300 Starbucks Corp.......................... 10,398,456
--------------
91,289,379
--------------
RUBBER & PLASTICS PRODUCTS -- 1.9%
*356,600 Sealed Air Corp......................... 18,676,925
*160,700 Weatherford International, Inc.......... 6,397,869
--------------
25,074,794
--------------
SOFTWARE & SERVICES -- 16.1%
*264,900 Affiliated Computer Services, Inc., 8,758,256
Class A................................
*1,080,200 Cabletron Systems, Inc.................. 27,275,050
*1,160,700 Cadence Design Systems, Inc............. 23,649,263
*1,318,910 Ceridian Corp........................... 31,736,272
*1,379,000 Gartner Group, Inc., Class A............ 16,548,000
*220,400 HomeStore.com, Inc...................... 6,432,925
*444,200 Intuit, Inc............................. 18,378,775
*363,800 Keane, Inc.............................. 7,867,175
*52,100 Macromedia, Inc......................... 5,037,419
*331,700 Rational Software Corp.................. 30,827,369
*126,840 VeriSign, Inc........................... 22,387,260
*299,300 Vignette Corp........................... 15,568,277
--------------
214,466,041
--------------
TRANSPORTATION -- 2.3%
*336,000 Ryanair Holdings PLC ADR................ 12,264,000
991,127 Southwest Airlines Co................... 18,769,468
--------------
31,033,468
--------------
UTILITIES -- 0.8%
*171,200 Calpine Corp............................ 11,256,400
--------------
Total common stocks..................... $1,317,176,368
==============
<CAPTION>
PRINCIPAL
AMOUNT
---------------------------------------------------------------------
SHORT-TERM SECURITIES -- 3.0%
<C> <S> <C>
REPURCHASE AGREEMENT -- 3.0%
$39,950,000 Interest in $2,066,447,000 joint $ 39,950,000
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $39,971,966
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29)....................
--------------
Total short-term securities............. $ 39,950,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
<CAPTION>
DIVERSIFICATION OF NET ASSETS:
<S> <C> <C>
Total common stocks (cost
$1,158,647,824)........................ 98.6% $1,317,176,368
Total short-term securities (cost
$39,950,000)........................... 3.0 39,950,000
------ -------------
Total investment in securities (total
cost $1,198,597,824)................... 101.6 1,357,126,368
Cash, receivables and other assets...... 0.7 9,789,643
Securities lending collateral........... 25.3 338,262,039
Payable for securities purchased........ (2.3) (30,959,053)
Payable for fund shares redeemed........ (0.0) (138,148)
Securities lending collateral payable to
brokers................................ (25.3) (338,262,039)
Other liabilities....................... (0.0) (28,712)
------ -------------
Net assets.............................. 100.0% $1,335,790,098
====== =============
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per
share; 2,000,000,000 shares authorized;
562,307,024 shares outstanding......... $ 56,230,702
Capital surplus......................... 1,006,306,941
Accumulated net investment loss......... (1,047,402)
Accumulated undistributed net realized
gain on investments.................... 115,771,313
Unrealized appreciation of
investments............................ 158,528,544
-------------
Net assets.............................. $1,335,790,098
=============
</TABLE>
<TABLE>
<S> <C> <C>
Class IA
Net asset value per share
($1,325,025,406 DIVIDED BY
557,770,343 shares outstanding)
(1,500,000,000 shares authorized).... $2.38
====
Class IB
Net asset value per share
($10,764,692 DIVIDED BY 4,536,681
shares outstanding) (500,000,000
shares authorized)................... $2.37
====
</TABLE>
* Non-income producing during the period.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-10 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL OPPORTUNITIES HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
COMMON STOCKS -- 91.8%
AUSTRALIA -- 1.0%
300,900 News Corp., Ltd. ADR (Media &
Entertainment)......................... $ 16,399,050
--------------
BELGIUM -- 1.0%
13,000 Compagnie Luxembourgeoise pour
l'Audio-Visuel et la Finance
(Audiofina) (Media & Entertainment).... 1,682,324
303,600 Lernout & Hauspie Speech Products N.V.
(Electronics).......................... 13,377,375
--------------
15,059,699
--------------
CANADA -- 2.0%
382,000 Alcan Aluminum Ltd. (Metals, Minerals &
Mining)................................ 11,859,591
39,000 Nortel Networks Corp.
(Communications)....................... 2,703,234
240,600 Nortel Networks Holdings Corp.
(Communications)....................... 16,420,950
--------------
30,983,775
--------------
CHINA -- 1.3%
32,700 China Mobile (Hong Kong) Ltd.
(Communications)....................... 5,814,469
367,300 China Unicom Ltd. ADR (Software &
Services).............................. 7,805,125
311,500 PetroChina Co., Ltd. (Energy &
Services).............................. 6,522,031
--------------
20,141,625
--------------
FINLAND -- 2.2%
521,588 Nokia Oyj (Communications).............. 26,724,386
291,934 UPM-Kymmene Group (Forest & Paper
Products).............................. 7,275,963
--------------
34,000,349
--------------
FRANCE -- 13.0%
93,940 Air Liquids S.A. (Chemicals)............ 12,300,810
314,300 Alcatel (Communications)................ 20,698,247
478,592 Aventis S.A. (Drugs).................... 35,073,198
134,300 AXA (Financial Services)................ 21,241,853
172,871 BNP Paribas (Financial Services)........ 16,703,794
34,852 Canal Plus (Media & Entertainment)...... 5,879,939
32,200 Castorama Dubois Investissement S.A.
(Retail)............................... 7,994,441
47,600 France Telecom S.A. (Communications).... 6,680,062
10,100 L'Oreal (Consumer Non-Durables)......... 8,781,346
89,600 Pinault-Printemps - Redoute S.A.
(Retail)............................... 19,986,504
33,796 Thomson Multimedia (Media &
Entertainment)......................... 2,196,481
228,930 Total Fina S.A., B Shares (Energy &
Services).............................. 35,243,635
135,600 Vivendi S.A. (Media & Entertainment).... 12,017,083
--------------
204,797,393
--------------
GERMANY -- 6.8%
363,369 BASF AG (Chemicals)..................... 14,803,665
368,000 Bayerische Motoren Werke (BMW) AG
(Transportation)....................... 11,253,068
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
GERMANY -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
158,000 Deutsche Bank AG (Financial Services)... $ 13,260,066
89,700 Infineon Technologies AG (Software &
Services).............................. 7,343,156
163,192 Linde AG (Machinery).................... 6,617,161
340,600 RWE AG (Utilities)...................... 11,606,912
15,234 SAP AG (Software & Services)............ 2,859,296
265,491 Siemens AG (Electronics)................ 39,905,091
--------------
107,648,415
--------------
HONG KONG -- 1.6%
1,099,000 Cheung Kong (Holdings) Ltd. (Real
Estate)................................ 12,160,147
3,240,000 Hong Kong Telecommunications
(Communications)....................... 7,128,385
825,000 Sun Hung Kai Properties (Real Estate)... 5,926,851
--------------
25,215,383
--------------
INDIA -- 0.6%
222,900 ICICI Ltd. (Financial Services)......... 4,179,375
-304,700 Videsh Sanchar Nigam Ltd.
(Communications)....................... 4,760,938
--------------
8,940,313
--------------
IRELAND -- 0.3%
593,944 Allied Irish Banks PLC (Financial
Services).............................. 5,351,873
--------------
ITALY -- 3.1%
491,570 Mediaset S.p.A. (Media &
Entertainment)......................... 7,539,418
822,800 San Paolo - IMI S.p.A. (Financial
Services).............................. 14,662,435
1,788,600 Telecom Italia Mobile S.p.A.
(Communications)....................... 18,345,495
570,700 Telecom Italia S.p.A. (Communications).. 7,877,761
--------------
48,425,109
--------------
JAPAN -- 18.7%
1,070,000 Asahi Glass Co., Ltd. (Consumer
Durables).............................. 11,984,234
260,000 Canon, Inc. (Computers & Office
Equipment)............................. 12,975,241
652,000 Dai Nippon Printing Co., Ltd. (Media &
Entertainment)......................... 11,517,681
453,000 Fujisawa Pharmaceutical Co. (Drugs)..... 18,368,075
178,000 Hoya Corp. (Medical Instruments &
Supplies).............................. 15,982,750
170,500 Matsumotokiyoshi Co., Ltd. (Retail)..... 17,919,972
54,000 Matsushita Communication Industrial Co.,
Ltd. (Communications).................. 6,318,625
504,000 Minebea Co., Ltd. (Electronics)......... 6,335,638
769,000 Mitsubishi Electric Corp.
(Electronics).......................... 8,344,040
33,000 Murata Manufacturing Co., Ltd.
(Electronics).......................... 4,747,191
586,000 NEC Corp. (Electronics)................. 18,443,783
843,000 Nikko Securities Co., Ltd. (Financial
Services).............................. 8,366,138
1,588 Nippon Telegraph & Telephone Corp.
(Communications)....................... 21,163,026
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-11 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL OPPORTUNITIES HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
JAPAN -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
276 NTT Mobile Communication Network, Inc.
(Media & Entertainment)................ $ 7,486,850
540,000 Omron Corp. (Electrical Equipment)...... 14,699,224
122,900 Promise Co., Ltd. (Financial Services).. 9,734,285
832,000 Ricoh Co., Ltd. (Media &
Entertainment)......................... 17,654,191
78,400 Softbank Corp. (Software & Services).... 10,670,548
97,900 Sony Corp. (Media & Entertainment)...... 9,160,645
343,000 Takeda Chemical Industries Ltd.
(Drugs)................................ 22,563,762
1,050,000 Tokyo Style Co., Ltd. (Apparel &
Textile)............................... 9,924,244
1,394,000 Toshiba Corp. (Computers & Office
Equipment)............................. 15,771,212
102,100 Uni-Charm Corp. (Consumer Non-
Durables).............................. 6,195,394
174,000 Yamanouchi Pharmaceuticals Co., Ltd.
(Drugs)................................ 9,522,171
--------------
295,848,920
--------------
MEXICO -- 1.2%
4,744,200 Cifra S.A. de CV (Retail)............... 11,133,694
158,300 Fomento Economico Mexicano S.A. de C.V.
(Food, Beverage & Tobacco)............. 6,816,794
95,800 Grupo Financiero - Banacci (Financial
Services).............................. 408,770
--------------
18,359,258
--------------
NETHERLANDS -- 6.6%
409,500 Aegon N.V. (Financial Services)......... 14,630,048
43,229 Heineken N.V. (Food, Beverage &
Tobacco)............................... 2,641,726
258,657 ING Groep N.V. (Financial Services)..... 17,554,559
99,200 Koninklijke KPN N.V. (Communications)... 4,455,062
525,204 Koninklijke Philips Electronics N.V.
(Electronics).......................... 24,870,666
59,800 Royal Dutch Petroleum Co. (NY)
(Energy & Services).................... 3,681,438
422,200 Royal Dutch Petroleum Co. (Energy &
Services).............................. 26,347,030
95,900 STMicroelectronics N.V. (Electronics)... 6,067,293
150,000 United Pan-Europe Communications N.V.
(Media & Entertainment)................ 4,050,000
--------------
104,297,822
--------------
SINGAPORE -- 0.6%
894,600 Overseas-Chinese Banking Corp., Ltd.
(Financial Services)................... 6,157,244
722,886 Overseas Union Bank Ltd. (Financial
Services).............................. 2,801,271
--------------
8,958,515
--------------
SOUTH KOREA -- 2.0%
53,160 Korea Telecom Corp. (Communications).... 4,681,944
82,520 Korea Telecom Corp. ADR
(Communications)....................... 3,991,905
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
SOUTH KOREA -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
68,410 Samsung Electronics (Electronics)....... $ 22,639,961
--------------
31,313,810
--------------
SPAIN -- 5.6%
353,500 Banco Popular Espanol S.A. (Financial
Services).............................. 10,979,103
1,972,400 Banco Santander Central Hispano S.A.
(Financial Services)................... 20,892,466
999,100 Endesa S.A. (Utilities)................. 19,432,266
150,900 Endesa S.A. ADR (Utilities)............. 2,942,550
-35,961 Groupo Prisa S.A. (Media &
Entertainment)......................... 837,665
671,400 Repsol YPF S.A. (Energy & Services)..... 13,418,990
317,640 Telefonica S.A. (Communications)........ 20,348,813
--------------
88,851,853
--------------
SWEDEN -- 2.5%
1,955,520 Skandinaviska Enskilda, Class A
(Financial Services)................... 23,299,310
811,440 Telefonaktiebolaet LM Ericsson AB
(Communications)....................... 16,144,193
--------------
39,443,503
--------------
SWITZERLAND -- 3.1%
4,840 Holderbank Financiere Glarus AG (Bearer)
(Consumer Durables).................... 5,953,022
17,879 Nestle S.A. (Food, Beverage &
Tobacco)............................... 35,899,509
4,900 Novartis AG (Drugs)..................... 7,786,651
--------------
49,639,182
--------------
THAILAND -- 0.4%
115,500 Siam Cement Co. (Consumer Durables)..... 2,167,260
5,249,567 Siam Commercial Bank (Financial
Services).............................. 615,479
3,303,400 Thai Farmers Bank (Financial Services).. 2,779,241
--------------
5,561,980
--------------
UNITED KINGDOM -- 18.1%
984,800 Abbey National PLC (Financial
Services).............................. 11,778,014
549,300 AstraZeneca Group PLC ADR (Drugs)....... 25,662,706
587,000 Barclays PLC (Financial Services)....... 14,574,004
3,233,122 BP Amoco PLC (Energy & Services)........ 31,031,894
3,248,311 British Airways PLC (Transportation).... 18,699,232
1,572,300 British American Tobacco PLC (Food,
Beverage & Tobacco).................... 10,520,942
1,045,827 Cable & Wireless PLC (Utilities)........ 17,764,363
374,779 COLT Telecom Group PLC
(Communications)....................... 12,453,938
371,000 III Group PLC (Financial Services)...... 7,616,063
2,303,000 Invensys PLC (Electrical Equipment)..... 8,637,828
402,672 Lloyds TSB Group PLC (Financial
Services).............................. 3,816,126
752,500 Marconi PLC (Communications)............ 9,780,110
1,091,946 Prudential Corp. PLC (Financial
Services).............................. 16,001,970
825,045 Psion PLC GBP (Software & Services)..... 7,950,107
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-12 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
UNITED KINGDOM -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
4,005,500 Smith & Nephew PLC ADR (Medical
Instruments & Supplies)................ $ 14,553,415
455,700 SmithKline Beecham PLC (Drugs).......... 5,988,192
176,000 SmithKline Beecham PLC ADR, Class A
(Drugs)................................ 11,473,000
1,317,370 Standard Chartered PLC (Financial
Services).............................. 16,383,711
1,699,700 Tomkins PLC (Food, Beverage &
Tobacco)............................... 5,480,861
7,687,555 Vodafone AirTouch PLC
(Communications)....................... 31,190,331
789,400 Williams PLC (Business Services)........ 4,571,150
--------------
285,927,957
--------------
UNITED STATES OF AMERICA -- 0.3%
85,100 Telefonos de Mexico S.A. ADR
(Communications)....................... 4,861,338
--------------
Total common stocks..................... $1,450,027,122
==============
<CAPTION>
PRINCIPAL
AMOUNT
------------
<C> <S> <C>
FOREIGN/YANKEE BONDS & NOTES -- 2.4%
FOREIGN GOVERNMENTS -- 2.4%
$ 39,210,000 Bundesschatzanweisungen
3.25% due 09/15/00..................... $ 37,482,912
--------------
Total foreign/yankee bonds & notes...... $ 37,482,912
==============
SHORT-TERM SECURITIES -- 6.5%
REPURCHASE AGREEMENT -- 6.5%
$102,711,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $102,767,475
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718
U.S.Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 102,711,000
--------------
Total short-term securities............. $ 102,711,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks (cost $1,284,826,807)...... 91.8% $1,450,027,122
Total foreign/yankee bonds & notes (cost
$35,451,385).................................. 2.4 37,482,912
Total short-term securities (cost
$102,711,000)................................. 6.5 102,711,000
------ -------------
Total investment in securities (total cost
$1,422,989,192)............................... 100.7 1,590,221,034
Cash, receivables and other assets............. 4.3 67,232,929
Securities lending collateral.................. 9.1 144,256,076
Payable for securities purchased............... (1.8) (28,818,180)
Payable for fund shares redeemed............... (3.1) (48,790,923)
Securities lending collateral payable to
brokers....................................... (9.1) (144,256,076)
Other liabilities.............................. (0.1) (1,108,727)
------ -------------
Net assets..................................... 100.0% $1,578,736,133
====== =============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
</TABLE>
<TABLE>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
2,500,000,000 shares authorized; 1,009,100,177
shares outstanding............................ $ 100,910,018
<CAPTION>
<S> <C>
Capital surplus................................ 1,171,109,090
Accumulated undistributed net investment
income........................................ 6,140,661
Accumulated undistributed net realized gain on
investments................................... 133,752,617
Unrealized appreciation of investments......... 167,231,842
Unrealized depreciation of forward foreign
currency contracts (See Note 2)w.............. (313,270)
Unrealized depreciation of other assets and
liabilities in foreign currencies............. (94,825)
-------------
Net assets..................................... $1,578,736,133
=============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($1,567,313,276 DIVIDED BY
1,001,794,038 shares outstanding) (1,875,000,000 shares
authorized)............................................ $1.56
====
Class IB
Net asset value per share ($11,422,857 DIVIDED BY
7,306,139 shares outstanding) (625,000,000 shares
authorized)............................................ $1.56
====
</TABLE>
<TABLE>
<S> <C> <C>
DIVERSIFICATION BY INDUSTRY:
Apparel & Textile............................ 0.6% $ 9,924,244
Business Services............................ 0.3 4,571,150
Chemicals.................................... 1.7 27,104,474
Communications............................... 16.0 252,543,209
Computers & Office Equipment................. 1.8 28,746,453
Consumer Durables............................ 1.3 20,104,515
Consumer Non-Durables........................ 0.9 14,976,740
Drugs........................................ 8.6 136,437,754
Electrical Equipment......................... 1.5 23,337,051
Electronics.................................. 9.2 144,731,038
Energy & Services............................ 7.4 116,245,017
Financial Services........................... 16.7 263,787,199
Food, Beverage & Tobacco..................... 3.9 61,359,832
Forest & Paper Products...................... 0.5 7,275,963
Machinery.................................... 0.4 6,617,161
Media & Entertainment........................ 6.1 96,421,326
Medical Instruments & Supplies............... 1.9 30,536,174
Metals, Minerals & Mining.................... 0.8 11,859,591
Real Estate.................................. 1.1 18,086,998
Retail....................................... 3.6 57,034,610
Software & Services.......................... 2.3 36,628,231
Transportation............................... 1.9 29,952,300
Utilities.................................... 3.3 51,746,092
------ -------------
Total common stocks.......................... 91.8% $1,450,027,122
====== =============
</TABLE>
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30, 2000,
the market value of these securities amounted to $5,598,603 or 0.3% of net
assets.
_____________________________________ MF-13 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL OPPORTUNITIES HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
UNREALIZED
TOTAL CONTRACT DELIVERY APPRECIATION
DESCRIPTION MARKET VALUE AMOUNT DATE (DEPRECIATION)
----------- ------------ ---------- -------- --------------
<S> <C> <C> <C> <C>
British Pounds (Buy) $1,993,994 $1,992,086 07/05/00 $ 1,908
British Pounds (Buy) 9,301,903 9,335,702 07/06/00 (33,799)
British Pounds (Sell) 2,132,126 2,110,580 07/03/00 (21,546)
British Pounds (Sell) 1,684,549 1,687,843 07/07/00 3,294
EURO (Buy) 3,142,898 3,136,213 07/31/00 6,685
EURO (Sell) 5,962,716 5,834,646 07/31/00 (128,070)
EURO (Sell) 6,029,201 5,916,056 07/03/00 (113,145)
EURO (Sell) 5,945,596 5,909,814 07/05/00 (35,782)
Japanese Yen (Buy) 187,677 188,110 07/03/00 (433)
Japanese Yen (Sell) 7,500,255 7,562,622 07/05/00 62,367
Swedish Krona (Sell) 9,806,063 9,705,284 07/05/00 (100,779)
Swiss Franc (Buy) 8,321,477 8,276,002 07/03/00 45,475
Swiss Franc (Buy) 230,074 229,519 07/05/00 555
---------
$(313,270)
=========
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-14 ____________________________________
<PAGE>
HARTFORD GLOBAL LEADERS HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
COMMON STOCKS -- 94.3%
AUSTRALIA -- 1.5%
130,600 News Corp., Ltd. ADR (Media &
Entertainment)......................... $ 7,117,700
------------
FINLAND -- 0.9%
82,180 Nokia Oyj (Communications).............. 4,210,622
------------
FRANCE -- 11.4%
80,300 Alcatel (Communications)................ 5,288,162
141,600 Aventis S.A. (Drugs).................... 10,377,033
63,300 AXA (Financial Services)................ 10,011,983
34,300 Pinault-Printemps - Redoute S.A.
(Retail)............................... 7,651,084
*118,118 Thomson Multimedia (Media &
Entertainment)......................... 7,676,765
46,610 Total Fina S.A., B Shares (Energy &
Services).............................. 7,175,581
80,800 Vivendi S.A. (Media & Entertainment).... 7,160,621
------------
55,341,229
------------
GERMANY -- 4.0%
203,400 Bayerische Motoren Werke (BMW) AG
(Transportation)....................... 6,219,766
*41,900 Infineon Technologies AG (Software &
Services).............................. 3,430,081
65,200 Siemens AG (Electronics)................ 9,800,000
------------
19,449,847
------------
ITALY -- 1.2%
314,400 San Paolo - IMI S.p.A. (Financial
Services).............................. 5,602,661
------------
JAPAN -- 6.8%
122,000 Fujisawa Pharmaceutical Co. (Drugs)..... 4,946,810
72,000 Fujitsu Ltd. (Electronics).............. 2,497,507
604,000 Mitsubishi Electric Corp.
(Electronics).......................... 6,553,706
115,000 Ricoh Co., Ltd. (Media &
Entertainment)......................... 2,440,183
23,800 Softbank Corp. (Software & Services).... 3,239,273
97,000 Takeda Chemical Industries Ltd.
(Drugs)................................ 6,381,006
591,000 Toshiba Corp. (Computers & Office
Equipment)............................. 6,686,360
------------
32,744,845
------------
NETHERLANDS -- 5.0%
82,500 ING Groep N.V. (Financial Services)..... 5,599,118
152,888 Koninklijke Philips Electronics N.V.
(Electronics).......................... 7,239,904
184,400 Royal Dutch Petroleum Co. (Energy &
Services).............................. 11,507,324
------------
24,346,346
------------
SOUTH KOREA -- 0.9%
-21,300 Samsung Electronics GDR (Electronics)... 4,174,800
------------
SPAIN -- 2.1%
70,900 Banco Popular Espanol S.A. (Financial
Services).............................. 2,202,032
265,800 Banco Santander Central Hispano S.A.
(Financial Services)................... 2,815,462
*-11,138 Groupo Prisa S.A. (Media &
Entertainment)......................... 259,445
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
</TABLE>
SPAIN -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
*221,300 Telefonica S.A. (Communications)........ $ 4,773,054
------------
10,049,993
------------
SWEDEN -- 0.8%
320,260 Skandinaviska Enskilda, Class A
(Financial Services)................... 3,815,781
------------
SWITZERLAND -- 3.3%
17,810 Credit Suisse Group (Financial
Services).............................. 3,554,191
6,100 Nestle S.A. (Food, Beverage & Tobacco).. 12,248,280
------------
15,802,471
------------
UNITED KINGDOM -- 10.9%
173,100 AstraZeneca Group PLC ADR (Drugs)....... 8,087,046
817,420 BP Amoco PLC (Energy & Services)........ 7,845,696
916,000 British Airways PLC (Transportation).... 5,273,047
348,700 Cable & Wireless PLC (Utilities)........ 5,923,000
82,400 III Group PLC (Financial Services)...... 1,691,546
432,600 Marconi PLC (Communications)............ 5,622,426
663,100 Psion PLC GBP (Software & Services)..... 6,389,610
663,000 SmithKline Beecham PLC ADR, Class A
(Drugs)................................ 8,712,247
819,745 Vodafone AirTouch PLC
(Communications)....................... 3,325,910
------------
52,870,528
------------
UNITED STATES OF AMERICA -- 45.5%
*110,700 3Com Corp. (Software & Services)........ 6,379,086
135,400 Abbott Laboratories (Drugs)............. 6,033,763
*73,500 Akamai Technologies, Inc. (Software &
Services).............................. 8,726,977
134,100 American Home Products Corp. (Drugs).... 7,878,375
95,200 Automatic Data Processing, Inc.
(Software & Services).................. 5,099,150
67,600 Baxter International, Inc. (Medical
Instruments & Supplies)................ 4,753,125
*84,400 Biogen, Inc. (Drugs).................... 5,443,800
*310,700 Boston Scientific Corp. (Medical
Instruments & Supplies)................ 6,815,981
43,500 Cardinal Health, Inc. (Consumer Non-
Durables).............................. 3,219,000
*133,880 Cisco Systems, Inc. (Computers & Office
Equipment)............................. 8,509,748
121,685 Citigroup, Inc. (Financial Services).... 7,331,521
*145,400 Echostar Communications Corp.
(Communications)....................... 4,814,103
128,800 Exxon Mobil Corp. (Energy & Services)... 10,110,800
*163,800 FedEx Corp. (Transportation)............ 6,224,400
142,680 General Electric Co. (Electronics)...... 7,562,040
*132,300 Genzyme Corp. (Drugs)................... 7,863,581
87,300 Gillette Co. (The)...................... 3,050,044
66,000 Goldman Sachs Group, Inc. (The)
(Financial Services)................... 6,261,750
*132,900 Immunex Corp. (Drugs)................... 6,570,244
16,480 Intel Corp. (Electronics)............... 2,203,170
*47,000 Intuit, Inc. (Software & Services)...... 1,944,625
*47,300 JDS Uniphase Corp. (Electronics)........ 5,670,088
*206,000 Lernout & Hauspie Speech Products N.V.
(Electronics).......................... 9,076,875
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-15 ____________________________________
<PAGE>
HARTFORD GLOBAL LEADERS HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
UNITED STATES OF AMERICA -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
*88,700 Micron Technology, Inc. (Electronics)... $ 7,811,144
*125,200 Microsoft Corp. (Software & Services)... 10,016,000
*82,100 NTL, Inc. (Media & Entertainment)....... 4,915,738
84,000 PepsiCo, Inc. (Food, Beverage &
Tobacco)............................... 3,732,750
153,742 Pharmacia Corp. (Chemicals)............. 7,946,540
281,800 Philip Morris Co., Inc. (Food,
Beverage & Tobacco).................... 7,485,313
*71,400 Red Hat, Inc. (Software & Services)..... 1,932,263
68,300 Schlumberger Ltd. (Energy & Services)... 5,096,888
90,900 Sprint Corp. (Communications)........... 4,635,900
*15,500 Sycamore Networks, Inc.
(Communications)....................... 1,710,813
101,200 Transocean Sedco Forex, Inc. (Energy &
Services).............................. 5,407,875
*30,400 VeriSign, Inc. (Software & Services).... 5,365,600
158,400 Walt Disney Co. (The) (Media &
Entertainment)......................... 6,147,900
398,000 Waste Management, Inc. (Utilities)...... 7,562,000
------------
221,308,970
------------
Total common stocks..................... $456,835,793
============
<CAPTION>
PRINCIPAL
AMOUNT
-----------
<C> <S> <C>
SHORT-TERM SECURITIES -- 9.6%
REPURCHASE AGREEMENT -- 9.6%
$46,560,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $46,585,601
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 46,560,000
------------
Total short-term securities............. $ 46,560,000
============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks (cost
$427,335,432).......................... 94.3% $456,835,793
Total short-term securities (cost
$46,560,000)........................... 9.6 46,560,000
------ -----------
Total investment in securities (total
cost $473,895,432)..................... 103.9 503,395,793
Cash, receivables and other assets...... 4.0 19,585,179
Securities lending collateral........... 8.4 40,600,358
Payable for securities purchased........ (7.4) (35,953,208)
Payable for fund shares redeemed........ (0.5) (1,922,612)
Securities lending collateral payable to
brokers................................ (8.4) (40,600,358)
Other liabilities....................... 0.0 (31,156)
------ -----------
Net assets.............................. 100.0% $485,073,996
====== ===========
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
</TABLE>
<TABLE>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.001 per share;
800,000,000 shares authorized; 247,516,986
shares outstanding............................ $ 247,517
<CAPTION>
<S> <C>
Capital surplus................................ 443,753,125
Accumulated undistributed net investment
income........................................ 1,794,497
Accumulated undistributed net realized gain on
investments................................... 9,776,896
Unrealized appreciation of investments......... 29,500,361
Unrealized appreciation of forward foreign
currencies contracts (See Note 2)w............ 52,414
Unrealized depreciation of other assets and
liabilities in foreign currencies............. (50,814)
-----------
Net assets..................................... $485,073,996
===========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($477,909,619 DIVIDED BY
243,856,983 shares outstanding) (600,000,000 shares
authorized)............................................ $1.96
====
Class IB
Net asset value per share ($7,164,377 DIVIDED BY
3,660,003 shares outstanding) (200,000,000 shares
authorized)............................................ $1.96
====
</TABLE>
<TABLE>
<S> <C> <C>
DIVERSIFICATION BY INDUSTRY:
Chemicals.................................... 1.6% $ 7,946,540
Communications............................... 7.1 34,380,990
Computers & Office Equipment................. 3.1 15,196,108
Consumer Non-Durables........................ 1.3 6,269,044
Drugs........................................ 14.9 72,293,905
Electronics.................................. 12.9 62,589,234
Energy & Services............................ 9.7 47,144,163
Financial Services........................... 10.2 48,886,046
Food, Beverage & Tobacco..................... 4.8 23,466,343
Media & Entertainment........................ 7.4 35,718,352
Medical Instruments & Supplies............... 2.4 11,569,106
Retail....................................... 1.6 7,651,084
Software & Services.......................... 10.8 52,522,665
Transportation............................... 3.7 17,717,213
Utilities.................................... 2.8 13,485,000
------ -----------
Total common stocks.......................... 94.3% $456,835,793
====== ===========
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $4,434,245 or 0.9%
of net assets.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-16 ____________________________________
<PAGE>
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
UNREALIZED
TOTAL CONTRACT DELIVERY APPRECIATION
DESCRIPTION MARKET VALUE AMOUNT DATE (DEPRECIATION)
----------- ------------ ---------- -------- --------------
<S> <C> <C> <C> <C>
British Pounds (Buy) $3,157,082 $3,125,178 07/03/00 $ 31,904
British Pounds (Buy) 979,573 974,753 07/03/00 4,820
British Pounds (Sell) 43,792 43,952 07/06/00 160
EURO (Buy) 410,666 406,237 07/31/00 4,429
EURO (Buy) 557,591 550,152 07/31/00 7,439
EURO (Sell) 1,787,856 1,777,096 07/05/00 (10,760)
EURO (Sell) 1,200,810 1,195,563 07/31/00 (5,247)
Japanese Yen (Sell) 1,077,815 1,086,778 07/05/00 8,963
Swiss Franc (Buy) 1,959,286 1,948,580 07/03/00 10,706
---------
$ 52,414
=========
</TABLE>
_____________________________________ MF-17 ____________________________________
<PAGE>
HARTFORD STOCK HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
COMMON STOCKS -- 98.3%
AEROSPACE & DEFENSE -- 1.8%
*450,000 General Motors, Class H................. $ 39,487,500
629,000 Honeywell International, Inc............ 21,189,438
1,900,000 United Technologies Corp................ 111,862,500
--------------
172,539,438
--------------
BUSINESS SERVICES -- 0.2%
1,302,350 ServiceMaster Co. (The)................. 14,814,231
--------------
CHEMICALS -- 3.1%
2,700,000 Dow Chemical Co. (The).................. 81,506,250
384,700 du Pont (E.I.) de Nemours & Co.......... 16,830,625
2,742,000 Pharmacia Corp.......................... 141,727,125
1,550,000 Praxair, Inc............................ 58,028,125
--------------
298,092,125
--------------
COMMUNICATIONS -- 12.5%
2,810,000 AT&T Corp............................... 88,866,250
*50,000 COLT Telecom Group PLC.................. 1,661,504
*2,688,800 Global Crossing Ltd..................... 70,749,050
2,600,000 Lucent Technologies, Inc................ 154,050,000
2,650,000 Motorola, Inc........................... 77,015,625
20,000 Nippon Telegraph & Telephone Corp.
ADR.................................... 13,675,000
3,400,000 Nokia Corp. ADR......................... 169,787,500
500,000 Nortel Networks Holdings Corp........... 34,125,000
4,300,000 SBC Communications, Inc................. 185,975,000
*700,000 Sprint PCS Group........................ 41,650,000
*300,000 Tellabs, Inc............................ 20,531,250
2,300,000 Verizon Communications.................. 116,868,750
4,607,925 Worldcom, Inc........................... 211,388,558
--------------
1,186,343,487
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 9.5%
*5,046,500 Cisco Systems, Inc...................... 320,768,156
*1,750,000 Dell Computer Corp...................... 86,296,875
*1,800,000 EMC Corp................................ 138,487,500
850,000 Hewlett-Packard Co...................... 106,143,750
1,500,000 International Business Machines Corp.... 164,343,750
*2,200,000 Solectron Corp.......................... 92,125,000
--------------
908,165,031
--------------
CONSUMER NON-DURABLES -- 6.0%
2,200,000 Cardinal Health, Inc.................... 162,800,000
1,600,000 Gillette Co. (The)...................... 55,900,000
1,430,000 Procter & Gamble Co. (The).............. 81,867,500
*4,000,000 Safeway, Inc............................ 180,500,000
2,000,000 Tyco International Ltd.................. 94,750,000
--------------
575,817,500
--------------
DRUGS -- 7.6%
2,610,000 Abbott Laboratories..................... 116,308,125
3,050,000 American Home Products Corp............. 179,187,500
1,150,000 Bristol-Myers Squibb Co................. 66,987,500
2,300,000 Merck & Co., Inc........................ 176,237,500
3,791,125 Pfizer, Inc............................. 181,974,000
--------------
720,694,625
--------------
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
ELECTRICAL EQUIPMENT -- 1.2%
*1,592,700 Teradyne, Inc........................... $ 117,063,450
--------------
ELECTRONICS -- 9.1%
6,090,000 General Electric Co..................... 322,770,000
2,107,000 Intel Corp.............................. 281,679,563
*1,300,000 Micron Technology, Inc.................. 114,481,250
1,800,000 Texas Instruments, Inc.................. 123,637,500
*337,200 Vitesse Semiconductor Corp.............. 24,805,275
--------------
867,373,588
--------------
ENERGY & SERVICES -- 5.9%
100,000 Conoco, Inc., Class B................... 2,456,250
3,100,000 Exxon Mobil Corp........................ 243,350,000
1,500,000 Royal Dutch Petroleum Co................ 92,343,750
1,250,800 Schlumberger Ltd........................ 93,340,950
1,500,000 Texaco, Inc............................. 79,875,000
1,500,000 Unocal Corp............................. 49,687,500
--------------
561,053,450
--------------
FINANCIAL SERVICES -- 12.7%
1,381,250 American International Group, Inc....... 162,296,875
5,857,000 Associates First Capital Corp.,
Class A................................ 130,684,313
3,079,500 Citigroup, Inc.......................... 185,539,875
1,900,000 Fleet Boston Financial Corp............. 64,600,000
3,050,000 Franklin Resources, Inc................. 92,643,750
250,000 Goldman Sachs Group, Inc. (The)......... 23,718,750
2,200,000 Marsh & McLennan Cos., Inc.............. 229,762,500
1,100,000 Merrill Lynch & Co., Inc................ 126,500,000
1,850,000 State Street Corp....................... 196,215,625
--------------
1,211,961,688
--------------
FOOD, BEVERAGE & TOBACCO -- 2.0%
600,000 Coca-Cola Co. (The)..................... 34,462,500
3,600,000 PepsiCo, Inc............................ 159,975,000
--------------
194,437,500
--------------
FOREST & PAPER PRODUCTS -- 2.1%
1,800,000 Kimberly-Clark Corp..................... 103,275,000
2,150,000 Weyerhaeuser Co......................... 92,450,000
--------------
195,725,000
--------------
MACHINERY -- 0.7%
2,000,000 Caterpillar, Inc........................ 67,750,000
--------------
MEDIA & ENTERTAINMENT -- 4.6%
*5,446,000 AT&T - Liberty Media Group, Class A..... 132,065,500
2,838,900 Gannett Co., Inc........................ 169,801,706
*2,039,800 Viacom, Inc., Class B................... 139,088,863
--------------
440,956,069
--------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 2.1%
1,000,000 Guidant Corp............................ 49,500,000
1,450,000 Johnson & Johnson Co.................... 147,718,750
--------------
197,218,750
--------------
METALS, MINERALS &
MINING -- 1.9%
3,600,000 Alcoa, Inc.............................. 104,400,000
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-18 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
METALS, MINERALS &
MINING -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
1,350,000 Illinois Tool Works, Inc................ $ 76,950,000
--------------
181,350,000
--------------
REAL ESTATE -- 0.1%
*6,150 Security Capital Group, Inc.,
Class A................................ 5,082,975
--------------
RETAIL -- 5.9%
2,100,000 CVS Corp................................ 84,000,000
2,407,500 Home Depot, Inc. (The).................. 120,224,531
5,300,000 McDonald's Corp......................... 174,568,750
3,200,000 Wal-Mart Stores, Inc.................... 184,400,000
--------------
563,193,281
--------------
SOFTWARE & SERVICES -- 9.0%
*350,000 3Com Corp............................... 20,168,750
*1,750,000 America Online, Inc..................... 92,312,500
2,251,000 Automatic Data Processing, Inc.......... 120,569,188
*1,638,400 China Unicom Ltd. ADR................... 34,816,000
*1,300,000 Computer Sciences Corp.................. 97,093,750
1,516,600 Electronic Data Systems Corp............ 62,559,750
*4,700,000 Microsoft Corp.......................... 376,000,000
*289,150 VeriSign, Inc........................... 51,034,975
--------------
854,554,913
--------------
TRANSPORTATION -- 0.3%
*1,068,154 Sabre Group Corp........................ 30,442,389
--------------
Total common stocks..................... $9,364,629,490
==============
<CAPTION>
PRINCIPAL
AMOUNT
------------
<C> <S> <C>
SHORT-TERM SECURITIES -- 1.5%
REPURCHASE AGREEMENT -- 1.5%
$138,497,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $138,573,151
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 138,497,000
--------------
Total short-term securities............. $ 138,497,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
<CAPTION>
DIVERSIFICATION OF NET ASSETS:
<S> <C> <C>
Total common stocks (cost $6,860,642,369)...... 98.3% $9,364,629,490
Total short-term securities (cost
$138,497,000)................................. 1.5 138,497,000
------ -------------
Total investment in securities (total cost
$6,999,139,369)............................... 99.8 9,503,126,490
Cash, receivables and other assets............. 0.3 24,754,714
Securities lending collateral.................. 1.9 178,727,476
Payable for fund shares redeemed............... (0.1) (1,751,210)
Securities lending collateral payable to
brokers....................................... (1.9) (178,727,476)
------ -------------
Net assets..................................... 100.0% $9,526,129,994
====== =============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
3,000,000,000 shares authorized; 1,506,295,782
shares outstanding............................ $ 150,629,578
Capital surplus................................ 6,564,457,632
Accumulated undistributed net investment
income........................................ 31,316,736
Accumulated undistributed net realized gain on
investments................................... 275,738,927
Unrealized appreciation of investments......... 2,503,987,121
-------------
Net assets..................................... $9,526,129,994
=============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($9,446,867,680
DIVIDED BY 1,493,757,418 shares outstanding)
(2,250,000,000 shares authorized)............. $6.32
====
Class IB
Net asset value per share ($79,262,314
DIVIDED BY 12,538,364 shares outstanding)
(750,000,000 shares authorized)............... $6.32
====
</TABLE>
* Non-income producing during the period.
_____________________________________ MF-19 ____________________________________
<PAGE>
HARTFORD GROWTH AND INCOME HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
COMMON STOCKS -- 97.6%
AEROSPACE & DEFENSE -- 2.2%
*15,983 General Motors, Class H................. $ 1,402,469
34,800 Honeywell International, Inc............ 1,172,325
87,600 United Technologies Corp................ 5,157,450
------------
7,732,244
------------
BUSINESS SERVICES -- 0.5%
*32,896 eBay, Inc............................... 1,786,664
------------
CHEMICALS -- 2.7%
34,900 du Pont (E.I.) de Nemours & Co.......... 1,526,875
*111,100 Grace (W.R.) & Co....................... 1,347,088
125,509 Pharmacia Corp.......................... 6,487,246
------------
9,361,209
------------
COMMUNICATIONS -- 10.6%
*29,800 American Tower Corp., Class A........... 1,242,288
69,200 AT&T Corp............................... 2,188,450
*33,500 Comverse Technology, Inc................ 3,115,500
*30,900 Echostar Communications Corp.,
Class A................................ 1,023,080
*37,800 Global Crossing Ltd..................... 994,613
76,100 Lucent Technologies, Inc................ 4,508,925
67,200 Nortel Networks Holdings Corp........... 4,586,400
*22,700 Phone.com, Inc.......................... 1,478,338
59,786 SBC Communications, Inc................. 2,585,745
78,700 Sprint Corp............................. 4,013,700
*34,400 Sprint PCS Group........................ 2,046,800
95,200 Verizon Communications.................. 4,837,350
*12,100 VoiceStream Wireless Corp............... 1,407,192
*67,050 Worldcom, Inc........................... 3,075,919
------------
37,104,300
------------
COMPUTERS & OFFICE
EQUIPMENT -- 11.2%
*199,700 Cisco Systems, Inc...................... 12,693,431
*112,100 Dell Computer Corp...................... 5,527,931
*56,000 EMC Corp................................ 4,308,500
*37,600 Handspring, Inc......................... 1,015,200
42,800 Hewlett-Packard Co...................... 5,344,650
64,800 International Business Machines Corp.... 7,099,650
*70,100 Solectron Corp.......................... 2,935,438
------------
38,924,800
------------
CONSUMER DURABLES -- 0.8%
9,800 Corning, Inc............................ 2,644,775
------------
CONSUMER NON-DURABLES -- 2.7%
32,300 Cardinal Health, Inc.................... 2,390,200
25,300 Procter & Gamble Co. (The).............. 1,448,425
*38,100 Safeway, Inc............................ 1,719,263
78,600 Tyco International Ltd.................. 3,723,675
------------
9,281,563
------------
DRUGS -- 7.3%
82,300 Abbott Laboratories..................... 3,667,494
54,800 American Home Products Corp............. 3,219,500
29,400 Bristol-Myers Squibb Co................. 1,712,550
*25,200 Forest Laboratories, Inc................ 2,545,200
*63,100 Genzyme Corp............................ 3,750,506
*47,300 Immunex Corp............................ 2,338,394
46,800 Merck & Co., Inc........................ 3,586,050
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
</TABLE>
DRUGS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
98,900 Pfizer, Inc............................. $ 4,747,200
------------
25,566,894
------------
ELECTRICAL EQUIPMENT -- 0.7%
*32,800 Teradyne, Inc........................... 2,410,800
------------
ELECTRONICS -- 10.5%
*24,900 Analog Devices, Inc..................... 1,892,400
19,400 Eaton Corp.............................. 1,299,800
258,300 General Electric Co..................... 13,689,900
97,700 Intel Corp.............................. 13,061,269
*13,700 JDS Uniphase Corp....................... 1,642,288
*48,900 Micron Technology, Inc.................. 4,306,256
*10,200 RF Micro Devices, Inc................... 893,775
------------
36,785,688
------------
ENERGY & SERVICES -- 5.2%
111,000 Conoco, Inc., Class B................... 2,726,438
16,600 Enron Corp.............................. 1,070,700
112,700 Exxon Mobil Corp........................ 8,846,950
42,800 Helmerich & Payne, Inc.................. 1,599,650
31,900 Kerr-McGee Corp......................... 1,880,106
92,800 Union Pacific Resources Group, Inc...... 2,041,600
------------
18,165,444
------------
FINANCIAL SERVICES -- 13.2%
58,200 American International Group, Inc....... 6,838,500
22,400 CIGNA Corp.............................. 2,094,400
136,450 Citigroup, Inc.......................... 8,221,113
72,200 Cullen/Frost Bankers, Inc............... 1,899,763
66,600 Edwards (A.G.) & Sons, Inc.............. 2,597,400
40,900 Fannie Mae.............................. 2,134,469
16,600 Goldman Sachs Group, Inc. (The)......... 1,574,925
136,400 KeyCorp................................. 2,404,050
36,000 Marsh & McLennan Cos., Inc.............. 3,759,750
53,600 Merrill Lynch & Co., Inc................ 6,164,000
41,700 Morgan Stanley Dean Witter & Co......... 3,471,525
135,200 Pacific Century Financial Corp.......... 1,977,300
52,100 Wachovia Corp........................... 2,826,425
------------
45,963,620
------------
FOOD, BEVERAGE & TOBACCO -- 3.9%
35,500 Anheuser-Busch Cos., Inc................ 2,651,406
19,900 Coca-Cola Co. (The)..................... 1,143,006
69,200 Nabisco Group Holding Corp.............. 1,794,875
100,300 PepsiCo, Inc............................ 4,457,081
131,200 Philip Morris Co., Inc.................. 3,485,000
------------
13,531,368
------------
FOREST & PAPER PRODUCTS -- 1.6%
74,400 Kimberly-Clark Corp..................... 4,268,700
31,500 Temple-Inland, Inc...................... 1,323,000
------------
5,591,700
------------
HEALTH SERVICES -- 0.4%
*56,000 Tenet Healthcare Corp................... 1,512,000
------------
MACHINERY -- 0.6%
29,000 Black & Decker Corp..................... 1,140,063
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-20 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
MACHINERY -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
48,600 Pall Corp............................... $ 899,100
------------
2,039,163
------------
MEDIA & ENTERTAINMENT -- 1.8%
*120,400 AT&T - Liberty Media Group, Class A..... 2,919,700
41,300 Gannett Co., Inc........................ 2,470,256
15,400 Pegasus Communications Corp.,
Class A................................ 755,563
------------
6,145,519
------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 1.5%
88,000 Becton, Dickinson & Co.................. 2,524,500
*54,700 Boston Scientific Corp.................. 1,199,981
14,900 Johnson & Johnson Co.................... 1,517,938
------------
5,242,419
------------
METALS, MINERALS & MINING -- 1.4%
34,600 Alcoa, Inc.............................. 1,003,400
104,700 Engelhard Corp.......................... 1,786,444
117,700 Freeport-McMoRan Copper & Gold, Inc.,
Class A................................ 1,074,013
16,900 Illinois Tool Works, Inc................ 963,300
------------
4,827,157
------------
RETAIL -- 3.9%
*19,400 Best Buy Co., Inc....................... 1,227,050
61,800 Dollar General Corp..................... 1,205,100
24,850 Home Depot, Inc. (The).................. 1,240,947
41,800 Target Corp............................. 2,424,400
130,300 Wal-Mart Stores, Inc.................... 7,508,538
------------
13,606,035
------------
SOFTWARE & SERVICES -- 10.8%
*26,800 3Com Corp............................... 1,544,350
*67,600 America Online, Inc..................... 3,565,900
*28,300 BMC Software, Inc....................... 1,032,508
*70,800 Cabletron Systems, Inc.................. 1,787,700
24,400 Computer Associates
International, Inc..................... 1,248,975
50,500 First Data Corp......................... 2,506,063
114,300 IMS Health, Inc......................... 2,057,400
*171,200 Microsoft Corp.......................... 13,696,000
*55,600 Oracle Corp............................. 4,672,866
*38,400 Sun Microsystems, Inc................... 3,492,000
*10,858 VeriSign, Inc........................... 1,916,349
------------
37,520,111
------------
TRANSPORTATION -- 1.6%
*41,700 AMR Corp................................ 1,103,444
82,377 Delphi Automotive Systems Corp.......... 1,199,615
*56,700 Ford Motor Co........................... 2,438,100
33,200 USFreightways Corp...................... 815,475
7,424 Visteon Corp............................ 90,015
------------
5,646,649
------------
UTILITIES -- 2.6%
*26,500 Calpine Corp............................ 1,742,375
44,200 El Paso Energy Corp..................... 2,251,438
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
</TABLE>
UTILITIES -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
----------- ------------
<C> <S> <C>
48,600 Pinnacle West Capital Corp.............. $ 1,646,325
87,300 Unicom Corp............................. 3,377,419
------------
9,017,557
------------
Total common stocks..................... $340,407,679
============
<CAPTION>
PRINCIPAL
AMOUNT
-----------
<C> <S> <C>
SHORT-TERM SECURITIES -- 4.0%
REPURCHASE AGREEMENT -- 4.0%
$14,046,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $14,053,723
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 14,046,000
------------
Total short-term securities............. $ 14,046,000
============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks (cost $324,693,945)...... 97.6% $340,407,679
Total short-term securities (cost
$14,046,000)................................ 4.0 14,046,000
------ -----------
Total investment in securities (total cost
$338,739,945)............................... 101.6 354,453,679
Cash, receivables and other assets........... 5.0 17,320,445
Payable for securities purchased............. (6.5) (22,803,919)
Other liabilities............................ (0.1) (15,010)
------ -----------
Net assets................................... 100.0% $348,955,195
====== ===========
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.001 per share;
800,000,000 shares authorized; 242,068,683 shares
outstanding......................................... $ 242,069
Capital surplus...................................... 320,258,243
Accumulated undistributed net investment income...... 595,793
Accumulated undistributed net realized gain on
investments......................................... 12,153,097
Unrealized appreciation of investments............... 15,713,734
Unrealized depreciation of futures contracts ++...... (7,741)
-----------
Net assets........................................... $348,955,195
===========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($345,650,750 DIVIDED BY
239,771,491 shares outstanding) (600,000,000 shares
authorized)............................................... $1.44
====
Class IB
Net asset value per share ($3,304,445 DIVIDED BY 2,297,192
shares outstanding) (200,000,000 shares authorized)....... $1.44
====
</TABLE>
* Non-income producing during the period.
++ The Fund had 9 Standard & Poor's 500 September 2000 Futures contracts open
as of June 30, 2000. These contracts had a value of $3,303,225 as of
June 30, 2000 and were collateralized by $168,750 of cash.
_____________________________________ MF-21 ____________________________________
<PAGE>
HARTFORD DIVIDEND AND GROWTH HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
COMMON STOCKS -- 96.8%
AEROSPACE & DEFENSE -- 4.2%
403,500 Honeywell International, Inc............ $ 13,592,906
1,878,200 United Technologies Corp................ 110,579,025
--------------
124,171,931
--------------
CHEMICALS -- 3.8%
165,400 Akzo Nobel N.V. ADR..................... 6,957,138
450,928 du Pont (E.I.) de Nemours & Co.......... 19,728,100
105,700 Eastman Chemical Co..................... 5,047,175
1,289,363 Pharmacia Corp.......................... 66,643,950
114,400 PPG Industries, Inc..................... 5,069,350
223,500 Rohm & Haas Co.......................... 7,710,750
--------------
111,156,463
--------------
COMMUNICATIONS -- 10.0%
2,549,800 AT&T Corp............................... 80,637,425
470,300 Broadwing, Inc.......................... 12,198,406
725,300 Lucent Technologies, Inc................ 42,974,025
728,526 SBC Communications, Inc................. 31,508,750
1,863,246 Verizon Communications.................. 94,676,187
375,100 US West, Inc............................ 32,164,825
--------------
294,159,618
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 1.1%
140,800 International Business Machines Corp.... 15,426,400
218,400 Minnesota Mining &
Manufacturing Co....................... 18,018,000
--------------
33,444,400
--------------
CONSUMER DURABLES -- 2.6%
286,500 Corning, Inc............................ 77,319,188
--------------
CONSUMER NON-DURABLES -- 3.7%
412,000 Cardinal Health, Inc.................... 30,488,000
328,400 Clorox Co. (The)........................ 14,716,425
122,300 Eastman Kodak Co........................ 7,276,850
415,600 Gillette Co. (The)...................... 14,520,025
716,000 Procter & Gamble Co. (The).............. 40,991,000
--------------
107,992,300
--------------
DRUGS -- 7.0%
547,200 Abbott Laboratories..................... 24,384,600
672,200 American Home Products Corp............. 39,491,750
867,300 AstraZeneca Group PLC ADR............... 40,329,450
392,000 Bristol-Myers Squibb Co................. 22,834,000
373,500 Eli Lilly & Co.......................... 37,303,313
524,900 Merck & Co., Inc........................ 40,220,463
--------------
204,563,576
--------------
ELECTRICAL EQUIPMENT -- 0.2%
154,700 White Electronic Designs Corp........... 6,826,138
--------------
ELECTRONICS -- 5.4%
273,700 Eaton Corp.............................. 18,337,900
2,126,580 General Electric Co..................... 112,708,740
199,600 Intel Corp.............................. 26,684,025
--------------
157,730,665
--------------
ENERGY & SERVICES -- 10.4%
463,000 Ashland, Inc............................ 16,233,938
866,817 Conoco, Inc., Class B................... 21,291,193
394,100 Enron Corp.............................. 25,419,450
1,339,983 Exxon Mobil Corp........................ 105,188,666
3,780,000 Repsol YPF S.A. ADR..................... 74,891,250
2,661,800 Suncor Energy, Inc...................... 62,053,213
--------------
305,077,710
--------------
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
FINANCIAL SERVICES -- 17.3%
888,000 Associates First Capital Corp.,
Class A................................ $ 19,813,500
202,500 CIGNA Corp.............................. 18,933,750
1,423,050 Citigroup, Inc.......................... 85,738,763
575,300 Fannie Mae.............................. 30,023,469
578,650 Marsh & McLennan Cos., Inc.............. 60,432,759
375,000 MBIA, Inc............................... 18,070,302
439,600 Merrill Lynch & Co., Inc................ 50,554,000
184,800 Morgan Stanley Dean Witter & Co......... 15,384,600
149,000 National Commerce Bancorporation........ 2,393,313
1,375,700 Pacific Century Financial Corp.......... 20,119,613
1,323,700 People's Bank........................... 24,322,988
2,397,800 U.S. Bancorp............................ 46,157,650
522,200 UnionBanCal Corp........................ 9,693,338
953,100 Wachovia Corp........................... 51,705,675
1,174,100 Washington Mutual, Inc.................. 33,902,138
364,700 XL Capital Ltd., Class A................ 19,739,388
--------------
506,985,246
--------------
FOOD, BEVERAGE &
TOBACCO -- 7.2%
251,700 Coca-Cola Co. (The)..................... 14,457,019
1,751,500 McCormick & Co., Inc.................... 56,923,750
906,600 PepsiCo, Inc............................ 40,287,038
966,700 Philip Morris Co., Inc.................. 25,677,969
486,900 Reynolds (R.J.) Tobacco
Holdings, Inc.......................... 13,602,769
3,140,100 Sara Lee Corp........................... 60,643,181
--------------
211,591,726
--------------
FOREST & PAPER PRODUCTS -- 2.7%
852,600 Abitibi-Consolidated, Inc............... 7,993,125
693,600 Kimberly-Clark Corp..................... 39,795,300
339,300 Temple-Inland, Inc...................... 14,250,600
367,000 Weyerhaeuser Co......................... 15,781,000
--------------
77,820,025
--------------
HOTELS & GAMING -- 0.3%
253,748 Starwood Hotels & Resorts
Worldwide, Inc......................... 8,262,669
--------------
MACHINERY -- 0.5%
367,100 Caterpillar, Inc........................ 12,435,513
125,000 CNH Global N.V.......................... 1,156,250
--------------
13,591,763
--------------
MEDIA & ENTERTAINMENT -- 1.8%
608,800 Gannett Co., Inc........................ 36,413,850
285,100 Knight-Ridder, Inc...................... 15,163,756
--------------
51,577,606
--------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 1.8%
748,000 Baxter International, Inc............... 52,593,750
--------------
METALS, MINERALS &
MINING -- 0.9%
862,000 Alcoa, Inc.............................. 24,998,000
--------------
REAL ESTATE -- 2.6%
734,500 Archstone Communities Trust (REIT)...... 15,470,406
620,100 Equity Office Properties Trust (REIT)... 17,091,506
375,700 Kimco Realty Corp. (REIT)............... 15,403,700
662,300 Liberty Property Trust (REIT)........... 17,178,406
231,100 Spieker Properties, Inc. (REIT)......... 10,630,600
--------------
75,774,618
--------------
RETAIL -- 2.8%
883,900 Family Dollar Stores, Inc............... 17,291,294
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-22 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
RETAIL -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
2,712,060 Intimate Brands, Inc., Class A.......... $ 53,563,185
461,400 May Department Stores Co................ 11,073,600
--------------
81,928,079
--------------
SOFTWARE & SERVICES -- 1.9%
569,100 Electronic Data Systems Corp............ 23,475,375
552,500 First Data Corp......................... 27,417,813
*55,801 Microsoft Corp.......................... 4,464,080
--------------
55,357,268
--------------
TRANSPORTATION -- 2.0%
569,500 Ford Motor Co........................... 24,488,500
612,000 Genuine Parts Co........................ 12,240,000
186,100 TRW, Inc................................ 8,072,088
497,400 USFreightways Corp...................... 12,217,388
*74,566 Visteon Corp............................ 904,117
--------------
57,922,093
--------------
UTILITIES -- 6.6%
279,400 Dominion Resources, Inc................. 11,979,275
718,600 DQE, Inc................................ 28,384,700
243,100 Duke Energy Corp........................ 13,704,763
251,200 Edison International.................... 5,149,600
694,100 El Paso Energy Corp..................... 35,355,719
635,900 Endesa S.A.............................. 12,400,050
410,400 Montana Power Co. (The)................. 14,492,250
487,600 PECO Energy Co.......................... 19,656,375
766,300 Pinnacle West Capital Corp.............. 25,958,413
647,900 Unicom Corp............................. 25,065,631
242,850 UtiliCorp United, Inc................... 4,826,644
--------------
196,973,420
--------------
Total common stocks..................... $2,837,818,252
==============
<CAPTION>
PRINCIPAL
AMOUNT
--------------------
<C> <S> <C>
CONVERTIBLE PREFERRED STOCKS -- 1.3%
COMMUNICATIONS -- 0.6%
$ -9,200,000 American Tower Corp.
9.25% due 08/16/02..................... $ 16,939,500
--------------
MEDIA & ENTERTAINMENT -- 0.6%
160,000 Tribune Co.
2.00% due 05/15/29..................... 18,440,000
--------------
UTILITIES -- 0.1%
65,400 Texas Utilities Co.
6.25% due 10/15/09..................... 2,542,425
--------------
Total convertible preferred stocks...... $ 37,921,925
==============
<CAPTION>
MARKET
SHARES VALUE
-------------------- --------------
<C> <S> <C>
EQUITY LINKED SECURITIES -- 0.7%
FINANCIAL SERVICES -- 0.7%
160,000 Salomon Smith Barney Holdings, Inc.
(ELKS)
3.25% due 10/06/00................... $ 21,073,600
--------------
Total equity linked securities.......... $ 21,073,600
==============
<CAPTION>
PRINCIPAL
AMOUNT
--------------------
<C> <S> <C>
SHORT-TERM SECURITIES -- 1.5%
REPURCHASE AGREEMENT -- 1.5%
$ 43,043,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $43,066,667
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 43,043,000
--------------
Total short-term securities............. $ 43,043,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total common stocks (cost $2,653,056,046)...... 96.7% $2,837,818,252
Total convertible preferred stocks (cost
$37,626,591).................................. 1.3 37,921,925
Total equity linked securities (cost
$15,272,800).................................. 0.7 21,073,600
Total short-term securities (cost
$43,043,000).................................. 1.5 43,043,000
----- -------------
Total investment in securities (total cost
$2,748,998,437)............................... 100.2 2,939,856,777
Cash, receivables and other assets............. 0.7 21,311,895
Securities lending collateral.................. 5.4 158,547,001
Payable for securities purchased............... (0.8) (24,960,032)
Payable for fund shares redeemed............... (0.1) (2,094,969)
Securities lending collateral payable to
brokers....................................... (5.4) (158,547,001)
Other liabilities.............................. (0.0) (416,520)
----- -------------
Net assets..................................... 100.0% $2,933,697,151
===== =============
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
4,000,000,000 shares authorized; 1,525,652,564 shares
outstanding.......................................... $ 152,565,256
Capital surplus....................................... 2,408,487,290
Accumulated undistributed net investment income....... 23,091,974
Accumulated undistributed net realized gain on
investments.......................................... 158,694,755
Unrealized appreciation of investments................ 190,858,340
Unrealized depreciation of other assets and
liabilities in foreign currencies.................... (464)
-------------
Net assets............................................ $2,933,697,151
=============
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
Class IA
Net asset value per share ($2,914,866,706 DIVIDED BY
1,515,860,716 shares outstanding) (3,500,000,000 shares
authorized)................................................... $1.92
====
Class IB
Net asset value per share ($18,830,445 DIVIDED BY 9,791,848
shares outstanding) (500,000,000 shares authorized)........... $1.92
====
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $16,939,500 or 0.6%
of net assets.
_____________________________________ MF-23 ____________________________________
<PAGE>
HARTFORD INDEX HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
COMMON STOCKS -- 99.7%
AEROSPACE & DEFENSE -- 0.4%
166,496 Honeywell International, Inc............ $ 5,608,834
98,069 United Technologies Corp................ 5,773,812
--------------
11,382,646
--------------
APPAREL & TEXTILE -- 0.0%
11,400 Liz Claiborne, Inc...................... 401,850
6,809 Russell Corp............................ 136,180
3,758 Springs Industries, Inc................. 120,256
23,787 V. F. Corp.............................. 566,428
--------------
1,224,714
--------------
BUSINESS SERVICES -- 0.6%
*150,392 Cendant Corp............................ 2,105,488
*32,100 Convergys Corp.......................... 1,665,188
29,468 Equifax, Inc............................ 773,535
16,147 Fluor Corp.............................. 510,649
63,019 Interpublic Group of Companies, Inc.
(The).................................. 2,709,817
37,078 Omnicom Group, Inc...................... 3,302,259
77,501 Paychex, Inc............................ 3,255,042
10,149 PerkinElmer, Inc........................ 671,103
15,100 Young & Rubicam, Inc.................... 863,531
--------------
15,856,612
--------------
CHEMICALS -- 1.5%
47,847 Air Products & Chemicals, Inc........... 1,474,286
23,370 Avery Dennison Corp..................... 1,568,711
140,851 Dow Chemical Co. (The).................. 4,251,940
218,400 du Pont (E.I.) de Nemours & Co.......... 9,555,000
16,155 Eastman Chemical Co..................... 771,401
*6,404 FMC Corp................................ 371,432
*13,932 Grace (W.R.) & Co....................... 168,926
11,400 Great Lakes Chemical Corp............... 359,100
21,646 International Flavors &
Fragrances, Inc........................ 653,439
264,807 Pharmacia Corp.......................... 13,687,196
36,366 PPG Industries, Inc..................... 1,611,468
33,019 Praxair, Inc............................ 1,236,149
45,397 Rohm & Haas Co.......................... 1,566,197
28,034 Union Carbide Corp...................... 1,387,683
--------------
38,662,928
--------------
COMMUNICATIONS -- 11.5%
*70,274 ADC Telecommunications, Inc............. 5,894,232
65,794 ALLTEL Corp............................. 4,075,116
*17,017 Andrew Corp............................. 571,133
661,835 AT&T Corp............................... 20,930,511
392,642 BellSouth Corp.......................... 16,736,365
29,304 CenturyTel, Inc......................... 842,490
*31,856 Comverse Technology, Inc................ 2,962,608
*183,883 Global Crossing Ltd..................... 4,838,421
200,896 GTE Corp................................ 12,505,776
679,200 Lucent Technologies, Inc................ 40,242,600
449,045 Motorola, Inc........................... 13,050,370
*63,660 Network Appliance, Inc.................. 5,124,630
*158,156 NEXTEL Communications, Inc.............. 9,677,170
618,008 Nortel Networks Holdings Corp........... 42,179,046
*154,592 QUALCOMM, Inc........................... 9,275,520
709,794 SBC Communications, Inc................. 30,698,591
33,298 Scientific-Atlanta, Inc................. 2,480,701
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMUNICATIONS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
183,026 Sprint Corp............................. $ 9,334,326
*190,866 Sprint PCS Group........................ 11,356,527
*85,476 Tellabs, Inc............................ 5,849,764
105,887 US West, Inc............................ 9,079,810
322,620 Verizon Communications.................. 16,393,129
*597,251 Worldcom, Inc........................... 27,398,890
--------------
301,497,726
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 9.7%
*67,648 Apple Computer, Inc..................... 3,543,064
*1,451,782 Cisco Systems, Inc...................... 92,278,893
354,335 Compaq Computer Corp.................... 9,057,688
*537,378 Dell Computer Corp...................... 26,499,453
*452,902 EMC Corp................................ 34,845,148
*67,220 Gateway, Inc............................ 3,814,735
208,700 Hewlett-Packard Co...................... 26,061,413
369,894 International Business Machines Corp.... 40,526,511
*27,020 Lexmark International, Inc.............. 1,817,095
82,612 Minnesota Mining & Manufacturing Co..... 6,815,490
53,772 Pitney Bowes, Inc....................... 2,150,880
*47,579 Seagate Technology, Inc................. 2,616,845
*124,408 Solectron Corp.......................... 5,209,585
--------------
255,236,800
--------------
CONSTRUCTION -- 0.2%
12,394 Centex Corp............................. 291,259
92,737 Halliburton Co.......................... 4,376,027
10,056 Kaufman & Broad Home Corp............... 199,235
12,593 McDermott International, Inc............ 110,976
8,741 Pulte Corp.............................. 189,024
--------------
5,166,521
--------------
CONSUMER DURABLES -- 0.7%
57,697 Corning, Inc............................ 15,570,978
19,804 Grainger (W.W.), Inc.................... 610,211
17,978 Johnson Controls, Inc................... 922,496
41,041 Leggett & Platt, Inc.................... 677,177
55,805 Newell Rubbermaid, Inc.................. 1,436,979
11,679 Owens Corning........................... 108,031
*30,508 Owens-Illinois, Inc..................... 356,562
--------------
19,682,434
--------------
CONSUMER NON-DURABLES -- 3.1%
11,682 Alberto-Culver Co., Class B............. 357,031
*8,531 Armstrong Holdings, Inc................. 130,631
49,450 Avon Products, Inc...................... 2,200,525
14,323 Brown-Forman Corp., Class B............. 769,861
57,639 Cardinal Health, Inc.................... 4,265,286
48,969 Clorox Co. (The)........................ 2,194,423
120,399 Colgate-Palmolive Co.................... 7,208,890
64,531 Eastman Kodak Co........................ 3,839,595
27,222 Ecolab, Inc............................. 1,063,359
217,835 Gillette Co. (The)...................... 7,610,610
36,100 Hasbro, Inc............................. 543,756
88,869 Mattel, Inc............................. 1,171,960
58,925 McKesson HBOC, Inc...................... 1,233,742
9,345 Polaroid Corp........................... 168,794
273,028 Procter & Gamble Co. (The).............. 15,630,853
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-24 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
CONSUMER NON-DURABLES -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
*103,362 Safeway, Inc............................ $ 4,664,210
27,452 SuperValu, Inc.......................... 523,304
69,678 SYSCO Corp.............................. 2,935,186
352,171 Tyco International Ltd.................. 16,684,101
119,254 Unilever N.V............................ 5,127,922
139,160 Xerox Corp.............................. 2,887,570
--------------
81,211,609
--------------
CONSUMER SERVICES -- 0.0%
20,618 H&R Block, Inc.......................... 667,508
12,509 Ryder System, Inc....................... 236,889
--------------
904,397
--------------
DRUGS -- 8.2%
323,156 Abbott Laboratories..................... 14,400,639
*21,431 ALZA Corp............................... 1,267,108
272,157 American Home Products Corp............. 15,989,224
*214,223 Amgen, Inc.............................. 15,049,166
*31,000 Biogen, Inc............................. 1,999,500
411,570 Bristol-Myers Squibb Co................. 23,973,953
235,560 Eli Lilly & Co.......................... 23,526,555
*43,500 MedImmune, Inc.......................... 3,219,000
479,741 Merck & Co., Inc........................ 36,760,154
1,313,730 Pfizer, Inc............................. 63,059,040
305,483 Schering-Plough Corp.................... 15,426,892
17,929 Sigma-Aldrich Corp...................... 524,423
*20,312 Watson Pharmaceuticals, Inc............. 1,091,770
--------------
216,287,424
--------------
ELECTRICAL EQUIPMENT -- 0.6%
27,030 Allergan, Inc........................... 2,013,735
*40,500 American Power Conversion............... 1,652,906
29,563 Danaher Corp............................ 1,461,521
*38,874 KLA-Tencor Corp......................... 2,276,559
14,031 Mallinckrodt, Inc....................... 609,472
9,747 Millipore Corp.......................... 734,680
43,564 PE Corp - PE Bidsystems Group........... 2,869,779
10,053 Tektronix, Inc.......................... 743,922
*36,158 Teradyne, Inc........................... 2,657,613
*32,614 Thermo Electron Corp.................... 686,932
--------------
15,707,119
--------------
ELECTRONICS -- 11.5%
*21,737 Adaptec, Inc............................ 494,517
*31,980 Advanced Micro Devices, Inc............. 2,470,455
*94,112 Agilent Technologies, Inc............... 6,940,760
*41,600 Altera Corp............................. 4,240,600
*73,826 Analog Devices, Inc..................... 5,610,776
*44,900 Broadcom Corp........................... 9,830,294
*45,400 Conexant Systems, Inc................... 2,207,575
15,335 Eaton Corp.............................. 1,027,445
89,116 Emerson Electric Co..................... 5,380,379
2,064,758 General Electric Co..................... 109,432,174
698,977 Intel Corp.............................. 93,444,488
64,900 Linear Technology Corp.................. 4,149,544
*64,060 LSI Logic Corp.......................... 3,467,248
*59,000 Maxim Integrated Products, Inc.......... 4,008,313
16,384 Maytag Corp............................. 604,160
*115,732 Micron Technology, Inc.................. 10,191,649
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
ELECTRONICS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
41,031 Molex, Inc.............................. $ 1,974,617
*37,147 National Semiconductor Corp............. 2,108,092
8,632 National Service Industries, Inc........ 168,324
*27,400 Novellus Systems, Inc................... 1,549,813
71,023 Ryanair Holdings PLC ADR................ 1,367,193
*30,900 Sanmina Corp............................ 2,641,950
341,320 Texas Instruments, Inc.................. 23,444,418
11,985 Thomas & Betts Corp..................... 229,213
15,446 Whirlpool Corp.......................... 720,170
*67,230 Xilinx, Inc............................. 5,550,677
--------------
303,254,844
--------------
ENERGY & SERVICES -- 5.6%
18,995 Amerada Hess Corp....................... 1,172,941
26,815 Anadarko Petroleum Corp................. 1,322,315
23,671 Apache Corp............................. 1,392,151
14,735 Ashland, Inc............................ 516,646
44,929 Burlington Resources, Inc............... 1,718,534
136,137 Chevron Corp............................ 11,546,119
44,595 Coastal Corp. (The)..................... 2,714,721
130,543 Conoco, Inc., Class B................... 3,206,462
152,825 Enron Corp.............................. 9,857,213
726,221 Exxon Mobil Corp........................ 57,008,349
19,800 Kerr-McGee Corp......................... 1,166,963
77,036 Occidental Petroleum Corp............... 1,622,571
53,025 Phillips Petroleum Co................... 2,687,705
*19,700 Rowan Companies, Inc.................... 598,388
447,386 Royal Dutch Petroleum Co................ 27,542,201
118,683 Schlumberger Ltd........................ 8,856,719
18,695 Sunoco, Inc............................. 550,334
115,101 Texaco, Inc............................. 6,129,128
30,096 Tosco Corp.............................. 852,093
44,044 Transocean Sedco Forex, Inc............. 2,353,601
52,621 Union Pacific Resources Group, Inc...... 1,157,662
50,590 Unocal Corp............................. 1,675,794
65,006 USX-Marathon Group...................... 1,629,213
--------------
147,277,823
--------------
FINANCIAL SERVICES -- 12.8%
30,988 Aetna, Inc.............................. 1,989,042
58,666 AFLAC, Inc.............................. 2,694,969
160,301 Allstate Corp. (The).................... 3,566,697
278,392 American Express Co..................... 14,511,183
54,614 American General Corp................... 3,331,454
331,366 American International Group, Inc....... 38,935,505
81,982 AmSouth Bancorporation.................. 1,291,217
53,410 Aon Corp................................ 1,659,048
151,998 Associates First Capital Corp........... 3,391,455
345,770 Bank of America Corp.................... 14,868,110
153,895 Bank of New York Co., Inc. (The)........ 7,156,118
238,977 Bank One Corp........................... 6,347,827
72,741 BB&T Corp............................... 1,736,691
23,340 Bear Stearns Cos., Inc. (The)........... 971,528
40,943 Capital One Financial Corp.............. 1,827,081
284,171 Charles Schwab Corp. (The).............. 9,555,250
44,000 Charter One Financial................... 1,012,000
257,818 Chase Manhattan Corp. (The)............. 11,875,742
37,574 Chubb Corp. (The)....................... 2,310,801
</TABLE>
_____________________________________ MF-25 ____________________________________
<PAGE>
HARTFORD INDEX HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
FINANCIAL SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
35,606 CIGNA Corp.............................. $ 3,329,161
34,738 Cincinnati Financial Corp............... 1,092,076
704,109 Citigroup, Inc.......................... 42,422,567
32,559 Comerica, Inc........................... 1,461,085
71,727 Conseco, Inc............................ 699,338
23,668 Countrywide Credit Industries, Inc...... 717,436
210,239 Fannie Mae.............................. 10,971,848
64,559 Fifth Third Bancorp..................... 4,083,357
204,647 First Union Corp........................ 5,077,804
202,365 Firstar Corp............................ 4,262,313
188,068 Fleet Boston Financial Corp............. 6,394,312
50,921 Franklin Resources, Inc................. 1,546,725
145,065 Freddie Mac............................. 5,875,133
32,938 Golden West Financial Corp.............. 1,344,282
98,658 Household International, Inc............ 4,100,473
*34,946 Humana, Inc............................. 170,362
46,406 Huntington Bancshares, Inc.............. 733,795
22,143 Jefferson-Pilot Corp.................... 1,249,696
90,662 KeyCorp................................. 1,597,918
25,190 Lehman Brothers Holdings, Inc........... 2,382,029
42,248 Lincoln National Corp................... 1,526,209
21,050 Loews Corp.............................. 1,263,000
56,210 Marsh & McLennan Cos., Inc.............. 5,870,432
20,626 MBIA, Inc............................... 993,915
167,287 MBNA Corp............................... 4,537,660
102,475 Mellon Financial Corp................... 3,733,933
81,004 Merrill Lynch & Co., Inc................ 9,315,460
22,156 MGIC Investment Corp.................... 1,008,098
33,872 Morgan (J.P.) & Co., Inc................ 3,730,154
236,068 Morgan Stanley Dean Witter & Co......... 19,652,661
126,514 National City Corp...................... 2,158,645
46,526 Northern Trust Corp..................... 3,027,098
28,756 Old Kent Financial Corp................. 769,232
30,374 Paine Webber Group, Inc................. 1,382,017
60,690 PNC Financial Services Group............ 2,844,844
15,838 Progressive Corp. (The)................. 1,172,012
29,712 Providian Financial Corp................ 2,674,080
46,129 Regions Financial Corp.................. 916,814
27,728 SAFECO Corp............................. 551,094
32,724 SLM Holding Corp........................ 1,225,105
35,146 SouthTrust Corp......................... 795,178
45,518 St. Paul Companies, Inc. (The).......... 1,553,302
33,625 State Street Corp....................... 3,566,352
36,877 Summit Bancorp.......................... 908,096
63,448 SunTrust Banks, Inc..................... 2,898,781
58,934 Synovus Financial Corp.................. 1,038,712
25,195 T. Rowe Price Associates, Inc........... 1,070,788
28,433 Torchmark Corp.......................... 701,940
156,802 U.S. Bancorp............................ 3,018,439
28,166 Union Planters Corp..................... 786,888
33,665 UnitedHealth Group, Inc................. 2,886,774
52,899 UNUMProvident Corp...................... 1,061,286
42,359 Wachovia Corp........................... 2,297,976
114,543 Washington Mutual, Inc.................. 3,307,429
*12,914 Wellpoint Health Networks, Inc.......... 935,458
336,273 Wells Fargo & Co........................ 13,030,579
--------------
336,753,869
--------------
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
FOOD, BEVERAGE & TOBACCO -- 3.6%
7,720 Adolph Coors Co., Class B............... $ 467,060
94,423 Anheuser-Busch Cos., Inc................ 7,052,218
125,649 Archer-Daniels-Midland Co............... 1,232,931
57,309 Bestfoods............................... 3,968,648
88,214 Campbell Soup Co........................ 2,569,233
516,444 Coca-Cola Co. (The)..................... 29,663,252
87,884 Coca-Cola Enterprises, Inc.............. 1,433,608
102,590 ConAgra, Inc............................ 1,955,622
60,796 General Mills, Inc...................... 2,325,447
73,468 Heinz (H.J.) Co......................... 3,214,225
22,546 Hercules, Inc........................... 317,053
28,655 Hershey Foods Corp...................... 1,389,768
84,720 Kellogg Co.............................. 2,520,420
68,262 Nabisco Group Holding Corp.............. 1,770,546
300,664 PepsiCo, Inc............................ 13,360,757
477,186 Philip Morris Co., Inc.................. 12,675,253
27,436 Quaker Oats Co. (The)................... 2,061,130
63,900 Ralston Purina Co....................... 1,274,006
181,543 Sara Lee Corp........................... 3,506,049
34,067 UST, Inc................................ 500,359
23,779 Wrigley, (Wm.) Jr. Co................... 1,906,779
--------------
95,164,364
--------------
FOREST & PAPER PRODUCTS -- 0.7%
11,170 Bemis Co., Inc.......................... 375,591
11,886 Boise Cascade Corp...................... 307,550
43,020 Fort James Corp......................... 994,838
35,659 Georgia-Pacific Corp.................... 936,049
100,799 International Paper Co.................. 3,005,070
116,036 Kimberly-Clark Corp..................... 6,657,566
21,650 Louisiana-Pacific Corp.................. 235,444
21,433 Mead Corp. (The)........................ 541,183
*35,255 Pactiv Corp............................. 277,633
6,194 Potlatch Corp........................... 205,176
11,082 Temple-Inland, Inc...................... 465,444
21,126 Westvaco Corp........................... 524,189
48,568 Weyerhaeuser Co......................... 2,088,424
23,263 Willamette Industries, Inc.............. 633,917
--------------
17,248,074
--------------
HEALTH SERVICES -- 0.2%
116,538 HCA Healthcare Corp..................... 3,539,842
*80,452 HEALTHSOUTH Corp........................ 578,249
*21,249 Manor Care, Inc......................... 148,743
*65,312 Tenet Healthcare Corp................... 1,763,424
--------------
6,030,258
--------------
HOTELS & GAMING -- 0.1%
76,902 Hilton Hotels Corp...................... 720,956
50,010 Marriott International, Inc............. 1,803,486
--------------
2,524,442
--------------
MACHINERY -- 1.1%
*168,446 Applied Materials, Inc.................. 15,265,419
68,981 Baker Hughes, Inc....................... 2,207,392
17,984 Black & Decker Corp..................... 706,996
4,676 Briggs & Stratton Corp.................. 160,153
72,658 Caterpillar, Inc........................ 2,461,290
8,737 Cummins Engine Co., Inc................. 238,083
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-26 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
MACHINERY -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
48,961 Deere & Co.............................. $ 1,811,557
42,579 Dover Corp.............................. 1,727,111
33,688 Ingersoll-Rand Co....................... 1,355,942
25,904 Pall Corp............................... 479,224
23,604 Parker-Hannifin Corp.................... 808,437
18,390 Stanley Works (The)..................... 436,763
12,802 Timken Co. (The)........................ 238,437
--------------
27,896,804
--------------
MEDIA & ENTERTAINMENT -- 3.9%
13,520 American Greetings Corp................. 256,880
*70,900 Clear Channel Communications, Inc....... 5,317,500
*187,400 Comcast Corp., Class A.................. 7,589,700
25,516 Donnelly (R.R.) & Sons Co............... 575,705
18,596 Dow Jones & Company, Inc................ 1,362,157
55,611 Gannett Co., Inc........................ 3,326,233
15,032 Harcourt General, Inc................... 817,365
*25,518 Harrah's Entertainment, Inc............. 534,283
16,164 Knight-Ridder, Inc...................... 859,723
40,741 McGraw-Hill Cos., Inc. (The)............ 2,200,014
127,276 MediaOne Group, Inc..................... 8,416,126
10,569 Meredith Corp........................... 356,704
35,467 New York Times Co. (The)................ 1,400,947
39,423 Rockwell International Corp............. 1,241,825
91,209 Seagram Company Ltd. (The).............. 5,290,122
274,514 Time Warner, Inc........................ 20,863,064
64,572 Tribune Co.............................. 2,260,020
*318,470 Viacom, Inc., Class B................... 21,715,697
433,419 Walt Disney Co. (The)................... 16,822,075
--------------
101,206,140
--------------
MEDICAL INSTRUMENTS &
SUPPLIES -- 2.1%
10,467 Bard (C.R.), Inc........................ 503,724
10,887 Bausch & Lomb, Inc...................... 842,382
60,648 Baxter International, Inc............... 4,264,313
52,515 Becton, Dickinson & Co.................. 1,506,524
24,666 Biomet, Inc............................. 948,099
*85,147 Boston Scientific Corp.................. 1,867,912
63,984 Guidant Corp............................ 3,167,208
290,180 Johnson & Johnson Co.................... 29,562,088
249,623 Medtronic, Inc.......................... 12,434,346
*17,676 St. Jude Medical, Inc................... 810,887
--------------
55,907,483
--------------
METALS, MINERALS &
MINING -- 0.9%
45,836 Alcan Aluminum Ltd...................... 1,420,916
180,172 Alcoa, Inc.............................. 5,224,988
17,460 Allegheny Technologies, Inc............. 314,280
6,399 Ball Corp............................... 205,968
82,570 Barrick Gold Corp....................... 1,501,742
*27,626 Bethlehem Steel Corp.................... 98,418
19,708 Cooper Industries, Inc.................. 641,742
12,720 Crane Co................................ 309,255
26,799 Crown Cork & Seal Co., Inc.............. 401,985
26,710 Engelhard Corp.......................... 455,739
33,042 Fortune Brands, Inc..................... 762,031
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
METALS, MINERALS &
MINING -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
*33,533 Freeport-McMoRan Copper &
Gold, Inc.............................. $ 310,180
54,348 Homestake Mining Co..................... 373,643
62,942 Illinois Tool Works, Inc................ 3,587,694
37,925 Inco Ltd................................ 583,097
83,487 Lockheed Martin Corp.................... 2,071,521
93,743 Masco Corp.............................. 1,693,233
35,239 Newmont Mining Corp..................... 762,043
17,784 Nucor Corp.............................. 590,207
16,564 Phelps Dodge Corp....................... 615,974
68,361 Placer Dome, Inc........................ 653,702
12,314 Snap-On, Inc............................ 327,860
18,688 USX Corp................................ 346,896
21,126 Vulcan Materials Co..................... 901,816
17,999 Worthington Industries, Inc............. 188,990
--------------
24,343,920
--------------
RESEARCH & TESTING
FACILITIES -- 0.0%
33,925 Dun & Bradstreet Corp. (The)............ 971,103
*24,074 Quintiles Transnational Corp............ 340,045
--------------
1,311,148
--------------
RETAIL -- 5.9%
88,545 Albertson's, Inc........................ 2,944,121
*27,885 AutoZone, Inc........................... 613,470
*29,355 Bed Bath & Beyond, Inc.................. 1,064,119
*42,664 Best Buy Co., Inc....................... 2,698,498
42,355 Circuit City Stores Group............... 1,405,657
*23,159 Consolidated Stores Corp................ 277,908
*93,238 Costco Wholesale Corp................... 3,076,854
81,376 CVS Corp................................ 3,255,040
26,030 Darden Restaurants, Inc................. 422,988
19,548 Dillard's, Inc.......................... 239,463
68,715 Dollar General Corp..................... 1,339,943
*44,679 Federated Department Stores, Inc........ 1,507,916
177,506 Gap, Inc. (The)......................... 5,547,063
8,125 Great Atlantic & Pacific Tea Co., Inc.
(The).................................. 135,078
482,546 Home Depot, Inc. (The).................. 24,097,141
*100,408 Kmart Corp.............................. 684,030
*68,160 Kohl's Corp............................. 3,791,400
*174,102 Kroger Co. (The)........................ 3,841,125
89,494 Limited, Inc. (The)..................... 1,935,308
8,328 Longs Drug Store Corp................... 181,134
79,943 Lowe's Cos., Inc........................ 3,282,659
69,539 May Department Stores Co................ 1,668,936
278,913 McDonald's Corp......................... 9,186,697
28,157 Nordstrom, Inc.......................... 679,288
*66,121 Office Depot, Inc....................... 413,256
54,459 Penney (J.C.) Co., Inc.................. 1,004,088
39,030 RadioShack Corp......................... 1,849,046
54,143 Rite Aid Corp........................... 355,313
73,639 Sears Roebuck & Co...................... 2,402,472
34,151 Sherman-Williams Co. (The).............. 723,574
*101,114 Staples, Inc............................ 1,554,628
*37,900 Starbucks Corp.......................... 1,447,306
</TABLE>
_____________________________________ MF-27 ____________________________________
<PAGE>
HARTFORD INDEX HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
RETAIL -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
95,040 Target Corp............................. $ 5,512,320
15,400 Tiffany & Co............................ 1,039,500
62,735 TJX Cos., Inc. (The).................... 1,176,281
*45,207 Toys R Us, Inc.......................... 658,320
*30,930 Tricon Global Restaurants, Inc.......... 873,773
929,797 Wal-Mart Stores, Inc.................... 53,579,552
210,269 Walgreen Co............................. 6,768,033
23,596 Wendy's International, Inc.............. 420,304
30,284 Winn-Dixie Stores, Inc.................. 433,440
--------------
154,087,042
--------------
RUBBER & PLASTICS
PRODUCTS -- 0.2%
15,547 Cooper Tire & Rubber Co................. 172,960
32,709 Goodyear Tire & Rubber Co. (The)........ 654,180
57,016 NIKE, Inc., Class B..................... 2,269,950
*11,883 Reebok International Ltd................ 189,385
*17,696 Sealed Air Corp......................... 926,828
12,188 Tupperware Corp......................... 268,136
--------------
4,481,439
--------------
SOFTWARE & SERVICES -- 10.2%
*73,165 3Com Corp............................... 4,216,133
24,998 Adobe Systems, Inc...................... 3,249,740
*479,320 America Online, Inc..................... 25,284,130
12,192 Autodesk, Inc........................... 422,910
130,916 Automatic Data Processing, Inc.......... 7,012,188
*50,779 BMC Software, Inc....................... 1,852,640
*38,067 Cabletron Systems, Inc.................. 961,192
*30,372 Ceridian Corp........................... 730,826
*38,772 Citrix Systems, Inc..................... 734,245
122,701 Computer Associates
International, Inc..................... 6,280,757
*34,821 Computer Sciences Corp.................. 2,600,693
*75,163 Compuware Corp.......................... 779,816
15,247 Deluxe Corp............................. 359,257
97,206 Electronic Data Systems Corp............ 4,009,748
86,098 First Data Corp......................... 4,272,613
62,119 IMS Health, Inc......................... 1,118,142
*16,500 Mercury Interactive Corp................ 1,596,375
*1,098,300 Microsoft Corp.......................... 87,864,000
*20,000 NCR Corp................................ 778,750
*68,791 Novell, Inc............................. 636,317
*592,228 Oracle Corp............................. 49,784,166
*57,677 Parametric Technology Corp.............. 634,447
*57,492 PeopleSoft, Inc......................... 962,991
*12,300 Sapient Corp............................ 1,315,331
*41,800 Siebel Systems, Inc..................... 6,836,913
*331,042 Sun Microsystems, Inc................... 30,104,132
*65,097 Unisys Corp............................. 947,975
*81,600 VERITAS Software, Corp.................. 9,222,075
*113,316 Yahoo!, Inc............................. 14,037,020
--------------
268,605,522
--------------
TRANSPORTATION -- 2.2%
*31,390 AMR Corp................................ 829,873
189,327 Boeing Co. (The)........................ 7,916,235
18,600 Brunswick Corp.......................... 308,063
89,415 Burlington Northern Santa Fe Corp....... 2,050,957
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
TRANSPORTATION -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
126,198 Carnival Corp........................... $ 2,460,861
45,609 CSX Corp................................ 966,341
31,676 Dana Corp............................... 671,135
117,478 Delphi Automotive Systems Corp.......... 1,710,773
25,557 Delta Air Lines, Inc.................... 1,292,226
*60,389 FedEx Corp.............................. 2,294,782
251,541 Ford Motor Co........................... 10,816,263
41,949 General Dynamics Corp................... 2,191,835
111,300 General Motors Corp..................... 6,462,356
37,033 Genuine Parts Co........................ 740,660
22,558 Goodrich (B.F.) Co. (The)............... 768,382
63,500 Harley-Davidson, Inc.................... 2,444,750
18,586 ITT Industries, Inc..................... 564,550
23,360 Kansas City Southern
Industries, Inc........................ 2,071,740
*12,916 Navistar International Corp............. 401,203
79,940 Norfolk Southern Corp................... 1,189,108
14,526 Northrop Grumman Corp................... 962,348
16,155 PACCAR, Inc............................. 641,152
*26,922 Sabre Group Corp........................ 767,277
103,542 Southwest Airlines Co................... 1,960,827
30,089 Textron, Inc............................ 1,634,209
25,595 TRW, Inc................................ 1,110,183
51,807 Union Pacific Corp...................... 1,926,573
*13,933 US Airways Group, Inc................... 543,387
*27,135 Visteon Corp............................ 329,012
--------------
58,027,061
--------------
UTILITIES -- 2.0%
*88,642 AES Corp. (The)......................... 4,044,291
*39,414 Allied Waste Industries, Inc............ 394,140
28,747 Ameren Corp............................. 970,211
67,145 American Electric Power Co., Inc........ 1,989,171
*33,520 C P & L Energy, Inc..................... 1,070,545
33,318 CINergy Corp............................ 847,527
22,885 CMS Energy Corp......................... 506,331
16,967 Columbia Energy Group................... 1,113,459
44,520 Consolidated Edison, Inc................ 1,318,905
31,287 Constellation Energy Group, Inc......... 1,018,783
49,553 Dominion Resources, Inc................. 2,124,585
29,873 DTE Energy Co........................... 912,994
76,641 Duke Energy Corp........................ 4,320,636
5,687 Eastern Enterprises..................... 358,281
69,431 Edison International.................... 1,423,336
48,242 El Paso Energy Corp..................... 2,457,327
48,004 Entergy Corp............................ 1,305,109
48,262 FirstEnergy Corp........................ 1,128,124
20,620 Florida Progress Corp................... 966,563
37,384 FPL Group, Inc.......................... 1,850,508
25,509 GPU, Inc................................ 690,337
24,275 New Century Energies, Inc............... 728,250
*36,100 Niagara Mohawk Power Corp............... 503,144
9,754 NICOR, Inc.............................. 318,224
32,702 Northern States Power Co................ 660,172
6,203 ONEOK, Inc.............................. 160,890
35,408 PECO Energy Co.......................... 1,427,385
7,416 Peoples Energy Corp..................... 240,093
80,351 PG&E Corp............................... 1,978,643
17,776 Pinnacle West Capital Corp.............. 602,162
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-28 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
UTILITIES -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
------------ --------------
<C> <S> <C>
30,214 PPL Corp................................ $ 662,820
45,214 Public Service Enterprise
Group, Inc............................. 1,565,535
61,656 Reliant Energy, Inc..................... 1,822,706
42,600 Sempra Energy........................... 724,200
135,426 Southern Co............................. 3,157,119
55,115 Texas Utilities Co...................... 1,625,893
37,108 Unicom Corp............................. 1,435,616
129,499 Waste Management, Inc................... 2,460,481
92,314 Williams Cos., Inc. (The)............... 3,848,340
--------------
54,732,836
--------------
Total common stocks..................... $2,621,673,999
==============
<CAPTION>
PRINCIPAL
AMOUNT
------------
<C> <S> <C>
SHORT-TERM SECURITIES -- 0.5%
U.S. TREASURY BILLS -- 0.0%
$ 1,000,000 5.82% due 09/07/00...................... $ 989,330
--------------
REPURCHASE AGREEMENT -- 0.5%
12,681,000 Interest in $320,669,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.436% due 07/03/00;
maturity amount $12,687,802
(Collateralized by $151,504,351 U.S.
Treasury Bonds 8.125% due 05/15/21,
$171,295,551 U.S. Treasury Inflation-
Indexed Securities 3.625% due
05/15/02)............................... 12,681,000
--------------
Total short-term securities............. $ 13,670,330
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
<CAPTION>
DIVERSIFICATION OF NET ASSETS:
<S> <C> <C>
Total common stocks (cost
$1,659,749,410)........................... 99.7% $2,621,673,999
Total short-term securities (cost
$13,670,330).............................. 0.5 13,670,330
----- --------------
Total investment in securities (total cost
$1,673,419,740)........................... 100.2 2,635,344,329
Cash, receivables and other assets......... 0.1 3,874,276
Securities lending collateral.............. 2.1 54,357,458
Payable for securities purchased........... (0.3) (11,932,888)
Payable for fund shares redeemed........... (0.0) (809,683)
Securities lending collateral payable to
brokers................................... (2.1) (54,357,458)
Other liabilities.......................... (0.0) (13,523)
----- --------------
Net assets................................. 100.0% $2,626,462,511
===== ==============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
2,000,000,000 shares authorized; 637,304,857
shares outstanding............................... $ 63,730,486
Capital surplus................................... 1,595,695,950
Accumulated undistributed net investment income... 9,767,523
Accumulated net realized loss on investments...... (4,620,493)
Unrealized appreciation of investments............ 961,924,589
Unrealized depreciation of futures
contracts ++..................................... (35,544)
-------------
Net assets........................................ $2,626,462,511
=============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($2,622,420,196 DIVIDED BY
636,323,098 shares outstanding) (1,500,000,000 shares
authorized).............................................. $4.12
====
Class IB
Net asset value per share ($4,042,315 DIVIDED BY 981,759
shares outstanding) (500,000,000 shares authorized)...... $4.12
====
</TABLE>
* Non-income producing during the period.
++ The Fund had 12 Standard & Poor's 500 September 2000 Futures contracts open
as of June 30, 2000. These contracts had a value of $4,404,300 as of
June 30, 2000 and were collateralized by various U.S. Treasury Bills with a
market value of $989,330.
_____________________________________ MF-29 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------------- ------------
<C> <S> <C>
ASSET-BACKED SECURITIES -- 1.0%
$ -1,020,000 AESOP Funding II LLC, Series 1997-1A, $ 1,018,878
Class A1
6.22% due 10/20/01....................
500,000 Capital Auto Receivables Asset Trust, 496,095
Series 1999-2, Class A3
6.25% due 03/15/03....................
6,170 Daimler-Benz Vehicle Owner Trust, 6,170
Series 1998-A, Class A2
5.23% due 12/20/01....................
173,305 Ford Credit Auto Owner Trust, 172,778
Series 1999-B, Class A3
5.47% due 09/15/01....................
1,149,043 Ford Credit Auto Owner Trust, 1,145,090
Series 1999-D, Class A3
6.20% due 04/15/02....................
1,000,000 SLM Student Loan Trust, Series 2000-2, 999,390
Class A1L
6.406% due 07/25/08...................
532,085 USAA Auto Loan Grantor Trust, 525,339
Series 1999-1, Class A
6.10% due 02/15/06....................
------------
Total asset-backed securities........... $ 4,363,740
============
COLLATERALIZED MORTGAGE OBLIGATIONS -- 0.8%
200,000 Chase Manhattan Auto Trust, $ 199,128
Series 1997-B, Class A5
6.60% due 03/15/02....................
1,500,000 Chase Manhattan Credit Card Master 1,497,420
Trust, Series 1996-3, Class A
7.04% due 02/15/05....................
-660,000 GS Mortgage Security Corp. II, 660,000
Series 2000-GSFL, Class A
6.80% due 08/15/04....................
660,000 Honda Auto Lease Trust, Series 1999-A, 655,354
Class A5
6.65% due 07/15/05....................
159,025 NewCourt Equipment Trust Securities, 158,883
Series 1999-1, Class A2
6.31% due 08/20/01....................
-351,001 SASCO Floating Rate Commercial Mortgage, 351,344
Series 1999-C3, Class A
7.008% due 11/20/01...................
------------
Total collateralized mortgage $ 3,522,129
obligations.............................
============
</TABLE>
<TABLE>
<CAPTION>
SHARES
----------------
<C> <S> <C>
COMMON STOCKS -- 50.7%
AUSTRALIA -- 0.6%
42,103 News Corp., Ltd. ADR (Media &
Entertainment)......................... $ 2,294,455
BELGIUM -- 0.5%
1,900 Compagnie Luxembourgeoise pour
l'Audio-Visuel et la Finance
(Audiofina) (Media & Entertainment).... 245,878
42,800 Lernout & Hauspie Speech Products N.V.
(Electronics).......................... 1,885,875
------------
2,131,753
------------
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
CANADA -- 1.1%
56,200 Alcan Aluminum Ltd. (Metals, Minerals &
Mining)................................ $ 1,744,788
5,400 Nortel Networks Corp.
(Communications)....................... 374,294
34,600 Nortel Networks Holdings Corp.
(Communications)....................... 2,361,450
------------
4,480,532
------------
CHINA -- 0.7%
*4,700 China Mobile (Hong Kong) Ltd. ADR
(Communications)....................... 835,719
*52,800 China Unicom Ltd. ADR (Software &
Services).............................. 1,122,000
*43,700 PetroChina Co., Ltd. (Energy &
Services).............................. 914,969
------------
2,872,688
------------
CZECH REPUBLIC -- 0.1%
36,300 Cesky Telecom (Communications).......... 610,766
------------
FINLAND -- 1.2%
74,972 Nokia Oyj (Communications).............. 3,841,309
42,199 UPM-Kymmene Group (Forest & Paper
Products).............................. 1,051,739
------------
4,893,048
------------
FRANCE -- 6.9%
13,640 Air Liquids S.A. (Chemicals)............ 1,786,067
44,100 Alcatel (Communications)................ 2,904,208
71,857 Aventis S.A. (Drugs).................... 5,265,978
18,840 AXA (Financial Services)................ 2,979,870
23,240 BNP Paribas (Financial Services)........ 2,245,583
4,579 Canal Plus S.A. (Media &
Entertainment)......................... 772,531
4,500 Castorama Dubois Investissement S.A.
(Retail)............................... 1,117,235
6,500 France Telecom S.A. (Communications).... 912,193
1,400 L'Oreal (Consumer Non-Durables)......... 1,217,216
11,500 Pinault-Printemps - Redoute S.A.
(Retail)............................... 2,565,232
4,782 Thomson Multimedia (Media &
Entertainment)......................... 310,793
33,966 Total Fina S.A., B Shares (Energy &
Services).............................. 5,229,045
17,500 Vivendi S.A. (Media & Entertainment).... 1,550,877
------------
28,856,828
------------
GERMANY -- 4.0%
52,941 BASF AG (Chemicals)..................... 2,156,817
106,200 Bayerische Motoren Werke (BMW) AG
(Transportation)....................... 3,247,489
21,200 Deutsche Bank AG (Financial Services)... 1,779,199
*12,000 Infineon Technologies AG (Software &
Services).............................. 982,362
23,647 Linde AG (Machinery).................... 958,846
45,700 RWE AG (Utilities)...................... 1,557,357
2,457 SAP AG (Software & Services)............ 461,159
37,316 Siemens AG (Electronics)................ 5,608,847
------------
16,752,076
------------
HONG KONG -- 1.2%
271,000 Cheung Kong (Holdings) Ltd. (Real
Estate)................................ 2,998,544
454,800 Hong Kong Telecommunications
(Communications)....................... 1,000,614
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-30 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
HONG KONG -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
116,000 Sun Hung Kai Properties (Real Estate)... $ 833,351
------------
4,832,509
------------
INDIA -- 0.3%
29,900 ICICI Ltd. (Financial Services)......... 560,625
-39,200 Videsh Sanchar Nigam Ltd.
(Communications)....................... 612,500
------------
1,173,125
------------
IRELAND -- 0.2%
87,014 Allied Irish Banks PLC (Financial
Services).............................. 784,060
------------
ITALY -- 1.8%
70,370 Mediaset S.p.A. (Media &
Entertainment)......................... 1,079,295
119,900 San Paolo - IMI S.p.A. (Financial
Services).............................. 2,136,638
262,500 Telecom Italia Mobile S.p.A.
(Communications)....................... 2,692,437
105,444 Telecom Italia S.p.A. (Communications).. 1,455,515
------------
7,363,885
------------
JAPAN -- 10.2%
144,000 Asahi Glass Co., Ltd. (Consumer
Durables).............................. 1,612,831
37,000 Canon, Inc. (Computers & Office
Equipment)............................. 1,846,476
92,000 Dai Nippon Printing Co., Ltd. (Media &
Entertainment)......................... 1,625,194
64,000 Fujisawa Pharmaceutical Co. (Drugs)..... 2,595,048
25,000 Hoya Corp. (Medical Instruments &
Supplies).............................. 2,244,770
33,400 Matsumotokiyoshi Co., Ltd. (Retail)..... 3,510,423
7,000 Matsushita Communication Industrial Co.,
Ltd. (Communications).................. 819,081
53,000 Minebea Co., Ltd. (Electronics)......... 666,248
108,000 Mitsubishi Electric Corp.
(Electronics).......................... 1,171,855
83,000 NEC Corp. (Electronics)................. 2,612,345
147,000 Nikko Securities Co., Ltd. (Financial
Services).............................. 1,458,864
217 Nippon Telegraph & Telephone Corp.
(Communications)....................... 2,891,925
39 NTT Mobile Communication Network, Inc.
(Media & Entertainment)................ 1,057,924
78,000 Omron Corp. (Electrical Equipment)...... 2,123,221
21,000 Promise Co., Ltd. (Financial
Services).............................. 1,663,303
106,000 Ricoh Co., Ltd. (Media &
Entertainment)......................... 2,249,212
11,000 Softbank Corp. (Software & Services).... 1,497,143
13,800 Sony Corp. (Media & Entertainment)...... 1,291,286
46,000 Takeda Chemical Industries Ltd.
(Drugs)................................ 3,026,044
135,000 Tokyo Style Co., Ltd. (Apparel &
Textile)............................... 1,275,974
195,000 Toshiba Corp. (Computers & Office
Equipment)............................. 2,206,160
14,400 Uni-Charm Corp. (Consumer Non-
Durables).............................. 873,787
36,000 Yamanouchi Pharmaceuticals Co., Ltd.
(Drugs)................................ 1,970,104
------------
42,289,218
------------
MEXICO -- 0.8%
*681,200 Cifra S.A. de CV (Retail)............... $ 1,598,641
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
</TABLE>
MEXICO -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
22,700 Fomento Economico Mexicano S.A. de C.V.
(Food, Beverage & Tobacco)............. 977,519
*13,800 Grupo Financiero - Banacci (Financial
Services).............................. 58,883
12,200 Telefonos de Mexico S.A. ADR
(Communications)....................... 696,925
------------
3,331,968
------------
NETHERLANDS -- 3.8%
*64,500 Aegon N.V. (Financial Services)......... 2,304,366
6,157 Heineken N.V. (Food, Beverage &
Tobacco)............................... 376,255
42,191 ING Groep N.V. (Financial Services)..... 2,863,423
24,600 Koninklijke KPN N.V. (Communications)... 1,104,783
74,240 Koninklijke Philips Electronics N.V.
(Electronics).......................... 3,515,583
62,500 Royal Dutch Petroleum Co. (Energy &
Services).............................. 3,900,259
8,600 Royal Dutch Petroleum Co. ADR (Energy &
Services).............................. 529,438
12,600 STMicroelectronics N.V. (Electronics)... 797,163
22,200 United Pan-Europe Communications N.V.
ADR (Media & Entertainment)............ 599,400
------------
15,990,670
------------
SINGAPORE -- 0.3%
131,250 Overseas-Chinese Banking Corp., Ltd.
(Financial Services)................... 903,352
103,922 Overseas Union Bank Ltd. (Financial
Services).............................. 402,710
------------
1,306,062
------------
SOUTH KOREA -- 1.0%
6,940 Korea Telecom Corp.(Communications)..... 611,225
11,880 Korea Telecom Corp. ADR
(Communications)....................... 574,695
8,810 Samsung Electronics (Electronics)....... 2,915,627
------------
4,101,547
------------
SPAIN -- 3.0%
47,500 Banco Popular Espanol S.A. (Financial
Services).............................. 1,475,268
264,900 Banco Santander Central Hispano S.A.
(Financial Services)................... 2,805,929
139,900 Endesa S.A. (Utilities)................. 2,721,023
20,200 Endesa S.A. ADR (Utilities)............. 393,900
*-5,167 Groupo Prisa S.A. (Media &
Entertainment)......................... 120,359
108,200 Repsol YPF S.A. (Energy & Services)..... 2,162,548
46,561 Telefonica S.A. (Communications)........ 2,982,814
------------
12,661,841
------------
SWEDEN -- 1.3%
273,430 Skandinaviska Enskilda, Class A
(Financial Services)................... 3,257,819
111,240 Telefonaktiebolaget LM Ericsson AB
(Communications)....................... 2,213,201
------------
5,471,020
------------
SWITZERLAND -- 1.7%
690 Holderbank Financiere Glarus AG (Bearer)
(Consumer Durables).................... 848,675
2,565 Nestle S.A. (Food, Beverage & Tobacco).. $ 5,150,301
</TABLE>
_____________________________________ MF-31 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
SWITZERLAND -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
---------------- ------------
<C> <S> <C>
690 Novartis AG (Drugs)..................... 1,096,488
------------
7,095,464
------------
THAILAND -- 0.2%
*17,000 Siam Cement Co. (Consumer Durables)..... 318,991
*747,367 Siam Commercial Bank (Financial
Services).............................. 87,636
*478,600 Thai Farmers Bank (Financial Services).. 402,659
------------
809,286
------------
UNITED KINGDOM -- 9.8%
132,300 Abbey National PLC (Financial
Services).............................. 1,582,281
78,900 AstraZeneca Group PLC ADR (Drugs)....... 3,686,123
82,400 Barclays PLC (Financial Services)....... 2,045,823
464,980 BP Amoco PLC (Energy & Services)........ 4,462,934
468,636 British Airways PLC (Transportation).... 2,697,751
267,900 British American Tobacco PLC (Food,
Beverage & Tobacco).................... 1,792,635
146,844 Cable & Wireless PLC (Utilities)........ 2,494,285
*49,446 COLT Telecom Group PLC
(Communications)....................... 1,643,095
51,200 III Group PLC (Financial Services)...... 1,051,058
348,800 Invensys PLC (Electrical Equipment)..... 1,308,239
56,533 Lloyds TSB Group PLC (Financial
Services).............................. 535,764
107,300 Marconi PLC (Communications)............ 1,394,559
174,215 Prudential Corp. PLC (Financial
Services).............................. 2,553,040
108,370 Psion PLC GBP (Software & Services)..... 1,044,250
587,600 Smith & Nephew PLC (Medical
Instruments & Supplies)................ 2,134,961
64,400 SmithKline Beecham PLC (Drugs).......... 846,257
24,700 SmithKline Beecham PLC ADR, Class A
(Drugs)................................ 1,610,131
176,880 Standard Chartered PLC (Financial
Services).............................. 2,199,800
244,200 Tomkins PLC (Food, Beverage &
Tobacco)............................... 787,449
1,059,264 Vodafone AirTouch PLC
(Communications)....................... 4,297,699
109,900 Williams PLC (Business Services)........ 636,394
------------
40,804,528
------------
Total common stocks..................... $210,907,329
============
<CAPTION>
PRINCIPAL
AMOUNT
(IN LOCAL
CURRENCY)
----------------
<C> <S> <C>
CORPORATE NOTES -- 5.5%
AUSTRALIA -- 0.2%
$ 1,000,000 National Australia Bank (Financial
Services)
6.098% due 02/12/02................... $ 997,651
GERMANY -- 0.6%
$ 1,500,000 Bayerische Hypo Vereinsbank AG
(Financial Services)
7.25% due 05/14/01.................... 1,500,900
<CAPTION>
PRINCIPAL
AMOUNT
(IN LOCAL MARKET
CURRENCY) VALUE
---------------- ------------
<C> <S> <C>
CORPORATE NOTES -- (CONTINUED)
GERMANY -- (CONTINUED)
- 1,900,000 Toyota Motor Credit Corp. (Financial
Services)
5.375% due 12/28/01................... $ 930,525
------------
2,431,425
------------
JAPAN -- 1.0%
- 460,000,000 KFW International Finance, Inc.
(Financial Services)
1.00% due 12/20/04.................... 4,368,199
------------
NETHERLANDS -- 0.2%
$ 750,000 Bank Nederlandse Gemeenten N.V.
(Financial Services)
3.25% due 07/16/01.................... 721,268
------------
SWEDEN -- 0.4%
$ 1,500,000 Svenska Handelsbanken (Financial
Services)
6.60% due 03/07/01.................... 1,494,062
------------
UNITED KINGDOM -- 0.6%
- 525,000 British Gas PLC (Energy & Services)
5.3.75% due 12/07/09.................. 707,814
- 1,100,000 European Investment Bank (Financial
Services)
7.625% due 12/07/06................... 1,760,910
------------
2,468,724
------------
UNITED STATES OF AMERICA -- 2.5%
$ 700,000 American General Finance Corp.
(Financial Services)
6.875% due 12/14/01................... 694,655
- 500,000 Federal Home Loan Bank (Financial
Services)
5.625% due 06/10/03................... 738,669
- 1,300,000 Federal Home Loan Mortgage Association
(Financial Services)
5.50% due 12/07/03.................... 1,906,468
- 705,000 General Electric Capital Corp.
(Financial Services)
5.125% due 01/12/04................... 1,015,210
$ 341,000 General Electric Capital Corp.
(Financial Services)
7.375% due 05/09/01................... 341,273
$ 1,000,000 General Electric Capital Corp.
(Financial Services)
7.38% due 05/23/01.................... 1,001,525
- 350,000 General Motors Acceptance Corp.
(Financial Services)
6.875% due 09/09/04................... 531,109
$ 1,550,000 International Bank for Reconstruction &
Development (Financial Services)
5.625% due 04/23/01................... 1,531,555
$ 816,000 Morgan Guaranty Trust (Financial
Services)
6.375% due 03/26/01................... 810,737
$ 800,000 Wells Fargo & Co. (Financial Services)
6.35% due 09/15/01.................... 801,139
$ 1,230,000 Worldcom, Inc. (Communications)
6.125% due 08/15/01................... 1,214,418
------------
10,586,758
------------
Total corporate notes................... $ 23,068,086
============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-32 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------------- ------------
<C> <S> <C>
ENHANCED EQUIPMENT TRUST CERTIFICATES -- 0.2%
$ 750,000 Daimler Chrysler Auto Trust,
Series 2000-A, Class A2
6.76% due 01/06/03.................... $ 747,435
------------
Total enhanced equipment trust
certificates............................ $ 747,435
============
<CAPTION>
PRINCIPAL
AMOUNT
(IN LOCAL
CURRENCY)
----------------
<C> <S> <C>
FOREIGN GOVERNMENT BONDS -- 20.4%
- 17,800,000 Denmark Kingdom
7.00% due 07/15/04.................... $ 2,387,925
- 4,000,000 Deutschland Republic
4.50% due 07/04/09.................... 3,639,187
- 4,000,000 Deutschland Republic
6.00% due 02/16/06.................... 3,988,497
- 3,200,000 Deutschland Republic
6.25% due 01/04/24.................... 3,325,154
- 5,000,000 Deutschland Republic
6.875% due 05/12/05................... 5,146,665
- 4,000,000 Finland Republic
5.75% due 02/23/11.................... 3,935,966
- 3,000,000 France BTAN
3.00% due 07/12/01.................... 2,821,127
- 6,000,000 France BTAN
4.50% due 07/12/03.................... 5,663,536
- 7,000,000 France BTAN
5.75% due 02/23/11.................... 6,325,968
- 5,750,000 France O.A.T.
6.00% due 10/25/25.................... 5,726,851
- 750,000,000 Hellenic Republic
6.50% due 01/11/14.................... 2,190,231
- 381,000 Iceland Republic
8.75% due 05/12/03.................... 604,684
- 5,700,000 Italy BTPS
4.00% due 07/15/04.................... 5,216,986
- 1,750,000 Italy BTPS
4.50% due 05/01/09.................... 1,558,762
- 7,500,000 Italy BTPS
4.75% due 07/01/05.................... 7,016,871
- 568,102 Italy BTPS
6.50% due 11/01/27.................... 585,201
- 473,900,000 JAPAN #213
1.40% due 06/22/09.................... 4,334,466
- 310,000,000 JAPAN #215
1.90% due 09/21/09.................... 2,977,481
- 260,000,000 JAPAN #184
2.90% due 12/20/05.................... 2,665,576
- 12,200,000 Norway Kingdom
5.50% due 05/15/09.................... 1,362,381
- 4,290,000 Republic of South Africa
13.00% due 08/31/10................... 592,496
- 9,000,000 Spanish Kingdom
4.25% due 07/30/02.................... 8,484,951
- 10,500,000 Sweden Kingdom #1034
9.00% due 04/20/09.................... 1,503,627
- 900,000 U.K. Treasury Gilt
5.75% due 12/07/09.................... 1,422,460
- 800,000 U.K. Treasury Gilt
7.75% due 09/08/06.................... 1,346,038
------------
Total foreign government bonds.......... $ 84,823,087
============
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------------- ------------
<C> <S> <C>
U.S. TREASURIES & FEDERAL AGENCIES -- 1.8%
FEDERAL HOME LOAN MORTGAGE ASSOCIATION
-- 0.9%
$ 1,099,950 7.00% due 09/01/29 - 01/01/30......... $ 1,062,971
2,744,619 7.11% due 10/15/29.................... 2,808,374
------------
3,871,345
------------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
-- 0.6%
2,368,062 7.50% due 10/15/29.................... 2,352,898
------------
U.S. TREASURY BONDS -- 0.1%
575,000 6.50% due 02/15/10.................... 594,586
------------
U.S. TREASURY NOTES -- 0.2%
910,000 5.50% due 01/31/03.................... 890,947
------------
Total U.S. treasuries & federal
agencies................................ $ 7,709,776
============
SHORT-TERM SECURITIES -- 21.3%
COMMERCIAL PAPER -- 4.4%
4,500,000 British Telecommunications
6.18% due 11/15/00.................... $ 4,395,712
1,500,000 Delaware Funding
6.744% due 07/24/00................... 1,494,208
1,500,000 du Pont (E.I.) de Nemours & Co.
6.53% due 07/17/00.................... 1,496,118
2,200,000 Falcon Asset Security
6.746% due 07/14/00................... 2,195,563
1,450,000 Falcon Asset Security
6.795% due 08/25/00................... 1,435,847
2,000,000 France Telecom S.A.
6.716% due 07/12/00................... 1,996,710
1,500,000 Halifax PLC
6.803% due 09/06/00................... 1,482,125
1,500,000 Island Finance
6.769% due 07/24/00................... 1,494,216
2,200,000 Scripps (E.W.) Co. (The)
6.16% due 07/18/00.................... 2,194,353
------------
18,184,852
------------
CORPORATE BONDS -- 2.5%
670,000 Bayerische Hypo Vereinsbank AG
6.375% due 09/06/00................... 668,398
1,000,000 Columbia/HCA Healthcare Corp.
5.89% due 12/15/00.................... 995,888
2,000,000 General Motors Acceptance Corp.
6.90% due 07/05/00.................... 2,000,000
1,734,000 Inter-American Development Bank
6.375% due 08/01/09................... 1,732,476
844,000 International Bank for Reconstruction &
Development
6.00% due 08/22/00.................... 842,734
1,000,000 KFW International Finance, Inc.
5.75% due 12/01/00.................... 993,315
3,000,000 Prudential Funding Corp.
6.13% due 12/21/00.................... 2,998,500
300,000 Statoil
6.25% due 10/10/00.................... 299,311
------------
10,530,622
------------
U.S. TREASURY BILLS -- 0.4%
1,800,000 5.57% due 07/27/00.................... 1,793,316
------------
</TABLE>
_____________________________________ MF-33 ____________________________________
<PAGE>
HARTFORD INTERNATIONAL ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------------- ------------
<C> <S> <C>
</TABLE>
SHORT-TERM SECURITIES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------------- ------------
<C> <S> <C>
REPURCHASE AGREEMENT -- 14.0%
$ 58,138,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $58,169,967
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 58,138,000
------------
Total short-term securities............. $ 88,646,790
============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total asset-backed securitities (cost
$4,375,885)................................. 1.0% $ 4,363,740
Total collateralized mortgage obligations
(cost $3,518,080)........................... 0.8 3,522,129
Total common stocks (cost $186,246,407)...... 50.7 210,907,329
Total corporate notes (cost $23,850,678)..... 5.5 23,068,086
Total enhanced equipment trust certificates
(cost $747,736)............................. 0.2 747,435
Total foreign government bonds (cost
$86,443,074)................................ 20.4 84,823,087
Total U.S. treasuries & federal agencies
(cost $7,654,083)........................... 1.8 7,709,776
Total short-term securities (cost
$88,651,404)................................ 21.3 88,646,790
----- -----------
Total investment in securities (total cost
$401,487,347)............................... 101.7 423,788,372
Cash, receivables and other assets........... 3.7 15,534,136
Securities lending collateral................ 2.7 11,048,701
Payable for securities purchased............. (4.3) (18,309,045)
Payable for fund shares redeemed............. (0.9) (3,658,025)
Securities lending collateral payable to
brokers..................................... (2.7) (11,048,701)
Other liabilities............................ (0.2) (1,323,865)
----- -----------
Net assets................................... 100.0% $416,031,573
===== ===========
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value 0.10 per share;
750,000,000 shares authorized; 327,683,375
shares outstanding.......................... $32,768,338
Capital surplus.............................. 336,472,756
Accumulated undistributed net investment
income...................................... 4,010,344
Accumulated undistributed net realized gain
on investments.............................. 23,850,123
Unrealized appreciation of investments....... 22,301,024
Unrealized depreciation of futures
contracts -................................. (111,273)
Unrealized depreciation of forward foreign
currency contracts (See Note 2)w............ (3,263,767)
Unrealized appreciation of other assets and
liabilities in foreign currencies........... 4,028
-----------
Net assets, applicable to shares
outstanding................................. $416,031,573
===========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($414,486,740 DIVIDED BY
326,465,403 shares outstanding) (562,500,000 shares
authorized)............................................... $1.27
====
Class IB
Net asset value per share ($1,544,833 DIVIDED BY 1,217,972
shares outstanding) (187,500,000 shares authorized)....... $1.27
====
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION BY INDUSTRY:
Apparel & Textile............................ 0.3% $ 1,275,974
Business Services............................ 0.2 636,394
Chemicals.................................... 0.9 3,942,884
Communications............................... 8.9 36,831,008
Computers & Office Equipment................. 1.0 4,052,636
Consumer Durables............................ 0.7 2,780,497
Consumer Non-Durables........................ 0.5 2,091,003
Drugs........................................ 4.8 20,096,174
Electrical Equipment......................... 0.8 3,431,460
Electronics.................................. 4.6 19,173,542
Energy & Services............................ 4.1 17,199,192
Financial Services........................... 9.2 38,137,955
Food, Beverage & Tobacco..................... 2.2 9,084,159
Forest & Paper Products...................... 0.3 1,051,739
Machinery.................................... 0.2 958,846
Media & Entertainment........................ 3.2 13,197,204
Medical Instruments & Supplies............... 1.1 4,379,731
Metals, Minerals & Mining.................... 0.4 1,744,788
Real Estate.................................. 0.9 3,831,895
Retail....................................... 2.1 8,791,531
Software & Services.......................... 1.2 5,106,914
Transportation............................... 1.4 5,945,239
Utilities.................................... 1.7 7,166,564
----- -----------
Total common stocks.......................... 50.7% $210,907,329
===== ===========
Communications............................... 0.3% $ 1,214,418
Energy & Services............................ 0.2 707,814
Financial Services........................... 5.0 21,145,854
----- -----------
Total corporate notes........................ 5.5% $23,068,086
===== ===========
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $2,763,081 or 0.7%
of net assets.
- German Mark
- Danish Krone
- Euro
- British Pound
- Greek Drachma
- Japanese Yen
- Norwegian Kroner
- Swedish Krona
- South African Rand
- U.S. Dollars
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-34 ____________________________________
<PAGE>
- The Fund had 28 September 2000 NEW FTSE 100 Index future contracts, 1
September 2000 S&P/Toronto Stock Exchange 60 Index futures contracts, 3
September 2000 ASX All Ordinaries Share Price Index futures contracts, 5
September 2000 TSE 5 year JGB Index futures contracts, 16 September 2000 TSE
10 year JGB Index futures contracts, 23 September 2000 TSE Tokyo Price Index
futures contracts, 68 July 2000 OMX Index futures contracts, 125
September 2000 Dow Jones Euro STOXX 50 Index futures contracts open as of
June 30, 2000. These contracts had a market value of $39,099,183 as of
June 30, 2000, and were collateralized by various U.S. Treasury obligations
with a market value of $1,793,316.
wFORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AT JUNE 30, 2000
<TABLE>
<CAPTION>
UNREALIZED
TOTAL AGGREGATE DELIVERY APPRECIATION
DESCRIPTION MARKET VALUE FACE VALUE DATE (DEPRECIATION)
----------- ------------ ----------- -------- --------------
<S> <C> <C> <C> <C>
Australian Dollar (Buy) $ 135,541 $ 135,536 09/29/00 $ 5
Australian Dollar (Buy) 1,111,576 1,121,506 09/29/00 (9,930)
British Pounds (Buy) 2,770,011 2,762,390 09/15/00 7,621
British Pounds (Buy) 533,155 532,645 07/05/00 510
British Pounds (Buy) 1,048,267 1,052,076 07/06/00 (3,809)
British Pounds (Sell) 10,254,553 9,968,610 11/30/00 (285,943)
British Pounds (Sell) 226,385 226,828 07/07/00 443
British Pounds (Sell) 342,479 339,018 07/03/00 (3,461)
Canadian Dollars (Buy) 81,088 81,331 09/15/00 (243)
Danish Krone (Sell) 2,434,327 2,443,427 08/14/00 9,100
EURO (Buy) 1,554,917 1,497,779 07/18/00 57,138
EURO (Buy) 467,372 445,415 07/18/00 21,957
EURO (Buy) 1,431 1,401 07/17/00 30
EURO (Buy) 1,173,125 1,161,858 07/17/00 11,267
EURO (Buy) 2,009,572 2,002,577 07/17/00 6,995
EURO (Buy) 663,340 659,682 07/17/00 3,658
EURO (Buy) 2,753,282 2,749,461 10/03/00 3,821
EURO (Buy) 445,450 444,503 07/31/00 947
EURO (Sell) 6,512,273 6,188,216 07/17/00 (324,057)
EURO (Sell) 54,556,503 52,152,896 07/17/00 (2,403,607)
EURO (Sell) 591,331 565,279 07/17/00 (26,052)
EURO (Sell) 1,146,420 1,081,487 07/17/00 (64,933)
EURO (Sell) 2,431,134 2,378,141 07/17/00 (52,993)
EURO (Sell) 11,481,960 11,245,800 09/08/00 (236,160)
EURO (Sell) 4,006,746 4,015,484 07/17/00 8,738
EURO (Sell) 1,468,883 1,481,326 07/18/00 12,443
EURO (Sell) 878,182 859,320 07/31/00 (18,862)
EURO (Sell) 794,066 789,287 07/05/00 (4,779)
EURO (Sell) 1,368,966 1,377,481 09/05/00 8,515
EURO (Sell) 805,221 790,112 07/03/00 (15,109)
Hong Kong Dollar (Sell) 305,090 305,071 07/03/00 (19)
Israeli Shekel (Buy) 681,846 683,093 09/22/00 (1,247)
Israeli Shekel (Buy) 730,549 727,096 09/22/00 3,453
Israeli Shekel (Sell) 754,901 751,479 09/22/00 (3,422)
Isreali Shekel (Buy) 673,079 688,247 09/22/00 (15,168)
Japanese Yen (Buy) 3,373,509 3,307,541 09/07/00 65,968
Japanese Yen (Buy) 42,155 42,252 07/03/00 (97)
Japanese Yen (Sell) 883,786 890,975 08/09/00 7,189
Japanese Yen (Sell) 952,155 958,186 08/09/00 6,031
Japanese Yen (Sell) 666,414 669,234 08/09/00 2,820
Japanese Yen (Sell) 1,108,007 1,117,220 07/05/00 9,213
Japanese Yen (Sell) 5,374,778 5,417,673 09/05/00 42,895
Japanese Yen (Sell) 1,071,853 1,069,065 07/05/00 (2,788)
South African Rand (Buy) 20,258 20,163 07/03/00 95
Swedish Krona (Buy) 1,059,325 1,071,808 07/28/00 (12,483)
Swedish Krona (Sell) 1,554,978 1,495,087 07/19/00 (59,891)
Swedish Krona (Sell) 1,407,229 1,392,766 07/05/00 (14,463)
Swiss Franc (Buy) 19,878 19,830 07/05/00 48
Swiss Franc (Buy) 970,304 965,001 07/03/00 5,303
Thai Baht (Sell) 741,195 740,741 08/22/00 (454)
-----------
$(3,263,767)
===========
</TABLE>
_____________________________________ MF-35 ____________________________________
<PAGE>
HARTFORD ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
ASSET-BACKED SECURITIES -- 0.3%
$ -43,000,000 AESOP Funding II LLC, Series 1998-1,
Class A
6.14% due 05/20/06.................... $ 40,739,920
--------------
Total asset-backed securities........... $ 40,739,920
==============
COMMERCIAL MORTGAGE BACKED SECURITIES -- 0.5%
18,000,000 Asset Securitization Corp.,
Series 1997-D4, Class A1D
7.49% due 04/14/29.................... $ 18,016,272
10,000,000 Asset Securitization Corp.,
Series 1997-D5, Class A1E
6.93% due 02/14/41.................... 9,368,660
25,000,000 Chase Commercial Mortgage Securities
Corp., Series 1997-1, Class A2
7.37% due 02/19/07.................... 24,967,075
17,225,000 First Union - Lehman Brothers Commercial
Mortgage Trust, Series 1997-C1,
Class A3
7.38% due 04/18/07.................... 17,232,596
--------------
Total commercial mortgage backed
securities.............................. $ 69,584,603
==============
<CAPTION>
SHARES
---------------------
<C> <S> <C>
COMMON STOCKS -- 61.0%
AEROSPACE & DEFENSE -- 1.0%
*450,000 General Motors, Class H................. $ 39,487,500
1,650,000 United Technologies Corp................ 97,143,750
--------------
136,631,250
--------------
BUSINESS SERVICES -- 0.1%
1,256,050 ServiceMaster Co. (The)................. 14,287,569
--------------
CHEMICALS -- 2.0%
2,550,000 Dow Chemical Co. (The).................. 76,978,125
520,500 du Pont (E.I.) de Nemours & Co.......... 22,771,875
2,404,000 Pharmacia Corp.......................... 124,256,750
1,400,000 Praxair, Inc............................ 52,412,500
--------------
276,419,250
--------------
COMMUNICATIONS -- 6.6%
2,780,000 AT&T Corp............................... 87,917,500
*50,000 COLT Telecom Group PLC.................. 1,661,504
*2,385,900 Global Crossing Ltd..................... 62,778,994
2,400,000 Lucent Technologies, Inc................ 142,200,000
2,200,000 Motorola, Inc........................... 63,937,500
20,000 Nippon Telegraph & Telephone Corp.
ADR.................................... 13,675,000
500,000 Nortel Networks Holdings Corp........... 34,125,000
4,125,000 SBC Communications, Inc................. 178,406,250
*400,000 Sprint PCS Group........................ 23,800,000
*300,000 Tellabs, Inc............................ 20,531,250
1,800,000 Verizon Communications.................. 91,462,500
*4,300,000 Worldcom, Inc........................... 197,262,500
--------------
917,757,998
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 6.1%
*4,551,300 Cisco Systems, Inc...................... 289,292,006
*1,750,000 Dell Computer Corp...................... 86,296,875
<CAPTION>
MARKET
SHARES VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
COMPUTERS & OFFICE
EQUIPMENT -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
--------------------- --------------
<C> <S> <C>
*1,600,000 EMC Corp................................ $ 123,100,000
750,000 Hewlett-Packard Co...................... 93,656,250
1,540,000 International Business Machines Corp.... 168,726,250
*2,000,000 Solectron Corp.......................... 83,750,000
--------------
844,821,381
--------------
CONSUMER NON-DURABLES -- 3.7%
1,700,000 Cardinal Health, Inc.................... 125,800,000
1,400,000 Gillette Co. (The)...................... 48,912,500
1,375,000 Procter & Gamble Co. (The).............. 78,718,750
*3,614,000 Safeway, Inc............................ 163,081,750
2,000,000 Tyco International Ltd.................. 94,750,000
--------------
511,263,000
--------------
DRUGS -- 4.8%
2,410,000 Abbott Laboratories..................... 107,395,625
3,100,000 American Home Products Corp............. 182,125,000
1,050,000 Bristol-Myers Squibb Co................. 61,162,500
2,320,000 Merck & Co., Inc........................ 177,770,000
3,024,925 Pfizer, Inc............................. 145,196,400
--------------
673,649,525
--------------
ELECTRICAL EQUIPMENT -- 0.8%
*1,444,100 Teradyne, Inc........................... 106,141,350
--------------
ELECTRONICS -- 5.7%
5,400,000 General Electric Co..................... 286,200,000
1,933,900 Intel Corp.............................. 258,538,256
*1,100,000 Micron Technology, Inc.................. 96,868,750
1,800,000 Texas Instruments, Inc.................. 123,637,500
*305,800 Vitesse Semiconductor Corp.............. 22,495,413
--------------
787,739,919
--------------
ENERGY & SERVICES -- 3.6%
100,000 Conoco, Inc., Class B................... 2,456,250
2,700,000 Exxon Mobil Corp........................ 211,950,000
1,300,000 Royal Dutch Petroleum Co................ 80,031,250
1,134,100 Schlumberger Ltd........................ 84,632,213
1,550,000 Texaco, Inc............................. 82,537,500
1,375,000 Unocal Corp............................. 45,546,875
--------------
507,154,088
--------------
FINANCIAL SERVICES -- 8.4%
1,375,000 American International Group, Inc....... 161,562,500
5,305,400 Associates First Capital Corp.,
Class A................................ 118,376,737
2,700,000 Citigroup, Inc.......................... 162,675,000
1,900,000 Fleet Boston Financial Corp............. 64,600,000
3,150,000 Franklin Resources, Inc................. 95,681,250
250,000 Goldman Sachs Group, Inc. (The)......... 23,718,750
2,195,000 Marsh & McLennan Cos., Inc.............. 229,240,313
1,100,000 Merrill Lynch & Co., Inc................ 126,500,000
1,750,000 State Street Corp....................... 185,609,375
--------------
1,167,963,925
--------------
FOOD, BEVERAGE &
TOBACCO -- 1.2%
600,000 Coca-Cola Co. (The)..................... 34,462,500
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-36 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
COMMON STOCKS -- (CONTINUED)
FOOD, BEVERAGE &
TOBACCO -- (CONTINUED)
<TABLE>
<CAPTION>
MARKET
SHARES VALUE
--------------------- --------------
<C> <S> <C>
3,100,000 PepsiCo, Inc............................ $ 137,756,250
--------------
172,218,750
--------------
FOREST & PAPER PRODUCTS -- 1.3%
1,700,000 Kimberly-Clark Corp..................... 97,537,500
1,950,000 Weyerhaeuser Co......................... 83,850,000
--------------
181,387,500
--------------
MACHINERY -- 0.4%
1,700,000 Caterpillar, Inc........................ 57,587,500
--------------
MEDIA & ENTERTAINMENT -- 3.1%
*5,546,000 AT&T - Liberty Media Group, Class A..... 134,490,500
2,700,000 Gannett Co., Inc........................ 161,493,750
*1,953,000 Viacom, Inc., Class B................... 133,170,188
--------------
429,154,438
--------------
MEDICAL INSTRUMENTS & SUPPLIES -- 1.5%
900,000 Guidant Corp............................ 44,550,000
1,670,000 Johnson & Johnson Co.................... 170,131,250
--------------
214,681,250
--------------
METALS, MINERALS &
MINING -- 1.1%
3,200,000 Alcoa, Inc.............................. 92,800,000
1,050,000 Illinois Tool Works, Inc................ 59,850,000
--------------
152,650,000
--------------
REAL ESTATE -- 0.0%
*6,150 Security Capital Group, Inc., Class A.. 5,082,974
--------------
RETAIL -- 3.9%
2,219,600 CVS Corp................................ 88,784,000
2,400,000 Home Depot, Inc. (The).................. 119,850,000
5,000,000 McDonald's Corp......................... 164,687,500
3,000,000 Wal-Mart Stores, Inc.................... 172,875,000
--------------
546,196,500
--------------
SOFTWARE & SERVICES -- 5.5%
*350,000 3Com Corp............................... 20,168,750
*1,450,000 America Online, Inc..................... 76,487,500
2,000,000 Automatic Data Processing, Inc.......... 107,125,000
*1,476,100 China Unicom Ltd. ADR................... 31,367,125
*1,200,000 Computer Sciences Corp.................. 89,625,000
1,483,400 Electronic Data Systems Corp............ 61,190,250
*4,200,000 Microsoft Corp.......................... 336,000,000
*262,150 VeriSign, Inc........................... 46,269,475
--------------
768,233,100
--------------
TRANSPORTATION -- 0.2%
*1,181,436 Sabre Group Corp........................ 33,670,926
--------------
Total common stocks..................... $8,504,692,193
==============
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
CORPORATE NOTES -- 16.8%
AEROSPACE & DEFENSE -- 0.1%
$ 13,135,000 Honeywell International, Inc.
6.60% due 04/15/01.................... $ 13,084,613
--------------
CHEMICALS -- 0.6%
20,000,000 ICI Wilmington, Inc.
6.95% due 09/15/04.................... 19,285,320
25,000,000 Praxair, Inc.
6.15% due 04/15/03.................... 24,011,625
40,000,000 Rohm & Haas Co.
7.40% due 07/15/09.................... 39,777,240
--------------
83,074,185
--------------
COMMUNICATIONS -- 0.2%
40,000,000 AT&T Corp.
6.50% due 03/15/29.................... 33,500,360
--------------
COMPUTERS & OFFICE
EQUIPMENT -- 0.7%
50,000,000 Hewlett-Packard Co.
7.15% due 06/15/05.................... 50,182,100
30,000,000 International Business Machines Corp.
6.50% due 01/15/28.................... 27,095,700
18,000,000 Pitney Bowes, Inc.
5.50% due 04/15/04.................... 17,175,762
--------------
94,453,562
--------------
CONSUMER NON-DURABLES -- 0.5%
25,000,000 Alberto Culver Co.
8.25% due 11/01/05.................... 25,205,450
18,000,000 Colgate-Palmolive Co.
5.58% due 11/06/08.................... 16,242,282
-30,000,000 Tyco International Ltd.
6.875% due 09/05/02................... 29,692,230
--------------
71,139,962
--------------
DRUGS -- 0.2%
26,000,000 American Home Products Corp.
7.25% due 03/01/23.................... 24,792,040
10,000,000 Zeneca Wilmington, Inc.
6.30% due 06/15/03.................... 9,889,820
--------------
34,681,860
--------------
EDUCATION -- 0.1%
10,900,000 Harvard University
8.125% due 04/15/2007................. 11,244,985
--------------
ELECTRICAL EQUIPMENT -- 0.2%
30,000,000 Danaher Corp.
6.00% due 10/15/08.................... 26,998,860
--------------
ELECTRONICS -- 0.5%
50,000,000 Eaton Corp.
6.95% due 11/15/04.................... 48,573,050
21,000,000 Motorola, Inc.
7.60% due 01/01/07.................... 21,478,842
--------------
70,051,892
--------------
ENERGY & SERVICES -- 0.5%
12,250,000 BP Amoco PLC
6.50% due 08/01/07.................... 11,782,650
</TABLE>
_____________________________________ MF-37 ____________________________________
<PAGE>
HARTFORD ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
ENERGY & SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
$ 15,000,000 Husky Oil Ltd.
6.875% due 11/15/03................... $ 14,480,955
15,000,000 Hydro-Quebec
7.375% due 02/01/03................... 15,014,700
17,285,000 Northern Border Pipeline
7.75% due 09/01/09.................... 16,596,245
10,000,000 Southern California Gas Co.
5.75% due 11/15/03.................... 9,627,070
--------------
67,501,620
--------------
FINANCIAL SERVICES -- 8.0%
40,000,000 ACE INA Holdings
8.30% due 08/15/06.................... 40,288,160
30,000,000 Allmerica Financial Corp.
7.625% due 10/15/25................... 26,118,480
24,000,000 Allstate Corp. (The)
6.75% due 06/15/03.................... 23,482,176
26,485,000 Amerus Life Holdings
6.95% due 06/15/05.................... 24,234,358
21,670,000 Amvescap PLC
6.60% due 05/15/05.................... 20,377,558
30,000,000 Apache Finance Property Ltd.
7.00% due 03/15/09.................... 28,503,510
25,000,000 Associates Corp. of North America
6.00% due 07/15/05.................... 23,219,675
15,000,000 Associates Corp. of North America
6.50% due 10/15/02.................... 14,700,270
10,000,000 Bank of Boston Corp.
6.625% due 02/01/04................... 9,700,020
40,000,000 Bank One Corp.
6.875% due 08/01/06................... 38,333,160
20,000,000 BankAmerica Corp.
5.875% due 02/15/09................... 17,664,220
14,825,000 Banponce Corp.
6.75% due 12/15/05.................... 13,855,875
15,000,000 Bayerische Landesbank Girozentrale (NY)
5.625% due 02/26/01................... 14,853,045
25,000,000 Bayerische Landesbank Girozentrale (NY)
5.65% due 02/01/09.................... 22,052,875
10,000,000 Chase Manhattan Corp. (The)
8.50% due 02/15/02.................... 10,166,800
15,740,000 CIGNA Corp.
7.40% due 05/15/07.................... 14,968,047
30,000,000 Cincinnati Financial Corp.
6.90% due 05/15/28.................... 25,311,870
20,000,000 CIT Group, Inc. (The)
6.75% due 05/14/01.................... 19,906,260
20,000,000 Citigroup, Inc.
5.625% due 02/15/01................... 19,809,240
10,000,000 Citigroup, Inc.
6.25% due 12/01/05.................... 9,473,710
24,000,000 Credit National
7.00% due 11/14/05.................... 23,169,504
-28,715,000 Development Bank of Singapore
7.875% due 08/10/09................... 28,488,238
30,000,000 Equitable Cos., Inc.
7.00% due 04/01/28.................... 26,311,890
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
FINANCIAL SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
$ 10,000,000 Fairfax Financial Holdings
7.75% due 12/15/03.................... $ 9,425,620
100,000,000 Fannie Mae
7.25% due 01/15/10.................... 100,816,400
18,000,000 Finova Capital Corp.
6.39% due 10/08/02.................... 15,821,766
25,000,000 First Union National Bank
5.80% due 12/01/08.................... 21,397,825
20,000,000 Fleet Financial Group, Inc.
6.875% due 01/15/28................... 17,050,020
20,000,000 Heller Financial, Inc.
6.382% due 11/10/20................... 19,954,180
15,000,000 Home Savings of America
6.00% due 11/01/00.................... 14,937,600
-27,000,000 Jackson National Life Insurance Co.
8.15% due 03/15/27.................... 24,951,969
36,745,000 Key Bank N.A.
5.80% due 04/01/04.................... 34,778,959
11,400,000 Liberty Financial Co.
6.75% due 11/15/08.................... 10,409,203
-30,000,000 Liberty Mutual Insurance
8.20% due 05/04/07.................... 29,494,290
-10,000,000 Lumbermens Mutual Casualty
9.15% due 07/01/26.................... 8,927,740
20,000,000 Nationsbank Corp.
7.80% due 09/15/16.................... 19,387,580
-30,000,000 New England Mutual Life Insurance
7.875% due 02/15/24................... 29,457,480
40,296,742 Postal Square LP
8.95% due 06/15/22.................... 45,878,647
27,600,000 Torchmark Corp.
8.25% due 08/15/09.................... 27,811,664
30,000,000 Toyota Motor Credit Corp.
5.50% due 12/15/08.................... 26,401,140
25,000,000 Transamerica Financial Corp.
6.125% due 11/01/01................... 24,596,625
10,000,000 Travelers Property & Casualty
6.75% due 04/15/01.................... 9,970,070
43,000,000 TXU Eastern Funding Co.
6.45% due 05/15/05.................... 40,091,265
-40,000,000 USAA Capital Corp.
6.90% due 11/01/02.................... 39,450,560
50,000,000 Wells Fargo & Co.
6.50% due 09/03/02.................... 49,284,500
--------------
1,115,284,044
--------------
FOOD, BEVERAGE &
TOBACCO -- 0.4%
30,000,000 Coca-Cola Enterprises, Inc.
6.75% due 09/15/28.................... 25,783,770
35,000,000 Whitman Corp.
6.375% due 05/01/09................... 32,208,400
--------------
57,992,170
--------------
FOREST & PAPER PRODUCTS -- 0.2%
25,000,000 Boise Cascade Office
7.05% due 05/15/05.................... 23,730,600
--------------
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-38 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
HEALTH SERVICES -- 0.2%
$ 29,000,000 United Healthcare Corp.
6.60% due 12/01/03.................... $ 27,672,380
--------------
MACHINERY -- 0.2%
25,000,000 Parker Hannifin Corp.
5.65% due 09/15/03.................... 23,811,175
--------------
MEDIA & ENTERTAINMENT -- 0.4%
30,000,000 Rockwell International Corp.
6.70% due 01/15/28.................... 26,320,170
19,420,000 Scripps (E.W.) Co. (The)
6.375% due 10/15/02................... 19,173,793
10,400,000 Times Mirror Co.
7.50% due 07/01/23.................... 9,753,588
--------------
55,247,551
--------------
MEDICAL INSTRUMENTS & SUPPLIES -- 0.1%
22,000,000 Becton, Dickinson & Co.
6.70% due 08/01/28.................... 19,265,994
--------------
METALS, MINERALS &
MINING -- 0.2%
30,000,000 Alcan Aluminum Ltd.
7.25% due 11/01/28.................... 28,400,430
--------------
REAL ESTATE -- 0.1%
20,000,000 Liberty Property Trust (REIT)
7.25% due 08/15/07.................... 18,535,420
--------------
RETAIL -- 1.1%
40,000,000 Albertson's, Inc.
6.55% due 08/01/04.................... 38,662,040
20,200,000 Dayton Hudson Corp.
5.875% due 11/01/08................... 17,912,855
50,000,000 Home Depot, Inc. (The)
6.50% due 09/15/04.................... 49,532,150
50,000,000 Wal-Mart Stores, Inc.
6.875% due 08/10/09................... 48,893,000
--------------
155,000,045
--------------
SOFTWARE & SERVICES -- 0.2%
25,000,000 Computer Associates International, Inc.
6.50% due 04/15/08.................... 22,540,950
--------------
TRANSPORTATION -- 1.0%
22,551,578 Continental Airlines
6.90% due 01/02/18.................... 20,947,936
30,000,000 DaimlerChrysler North America Holding
Corp.
7.125% due 04/10/03................... 29,857,860
30,000,000 DaimlerChrysler North America Holding
Corp.
7.75% due 05/27/03.................... 30,222,810
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
</TABLE>
TRANSPORTATION -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------------- --------------
<C> <S> <C>
$ 35,000,000 Ford Motor Co.
6.625% due 10/01/28................... $ 29,544,970
35,000,000 General Motors Corp.
6.75% due 05/01/28.................... 30,385,145
--------------
140,958,721
--------------
UTILITIES -- 1.1%
45,000,000 Alabama Power Co.
7.125% due 08/15/04................... 44,600,355
10,000,000 Bellsouth Telecommunications, Inc.
6.375% due 06/01/28................... 8,250,840
21,350,000 Duke Energy Corp.
6.00% due 12/01/28.................... 16,910,097
30,000,000 MCI WorldCom, Inc.
6.40% due 08/15/05.................... 28,436,250
29,000,000 Monsanto Co.
6.85% due 12/01/28.................... 25,662,187
11,000,000 Pacific Gas & Electric Co.
7.875% due 03/01/02................... 11,117,579
20,000,000 Williams Cos., Inc. (The)
6.50% due 11/15/02.................... 19,636,760
--------------
154,614,068
--------------
Total corporate notes................... $2,348,785,447
==============
FOREIGN GOVERNMENT AGENCIES -- 0.1%
-20,000,000 Santiago Air
6.95% due 07/01/12.................... $ 18,413,000
--------------
Total foreign government agencies....... $ 18,413,000
==============
FOREIGN GOVERNMENT BONDS -- 0.1%
13,000,000 City of Naples Italy
7.52% due 07/15/06.................... $ 12,954,630
--------------
Total foreign government bonds.......... $ 12,954,630
==============
MUNICIPAL BONDS -- 0.1%
7,000,000 Miami Beach, Florida
8.80% due 12/01/15.................... $ 7,139,440
13,070,000 Mount Sinai School of Medicine NY
6.00% due 07/01/03.................... 12,619,216
--------------
Total municipal bonds................... $ 19,758,656
==============
<CAPTION>
SHARES
---------------------
<C> <S> <C>
PREFERRED STOCKS -- 1.2%
COMMUNICATIONS -- 1.2%
3,400,000 Nokia Corp.............................. $ 169,787,500
--------------
Total preferred stocks.................. $ 169,787,500
==============
</TABLE>
_____________________________________ MF-39 ____________________________________
<PAGE>
HARTFORD ADVISERS HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------------------------------------------------------------------------
U.S. TREASURIES & FEDERAL AGENCIES -- 17.4%
<C> <S> <C>
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
-- 3.3%
$ 242,859,824 6.00% due 06/15/24 - 08/15/29........... $ 223,681,521
170,963,720 6.50% due 03/15/26 - 08/15/29........... 162,243,827
70,931,648 7.00% due 11/15/23 - 11/15/24........... 69,222,441
759,967 9.00% due 06/20/16 - 07/20/16........... 784,079
--------------
455,931,868
--------------
U.S. GOVERNMENT
AGENCIES -- 0.3%
50,000,000 Tennesse Valley Authority
6.00% due 03/15/2013.................. 44,910,050
--------------
U.S. TREASURY BONDS -- 9.9%
165,000,000 4.625% due 12/31/00................... 163,504,770
350,000,000 5.75% due 10/31/02 - 04/30/03......... 344,703,300
531,750,000 6.25% due 08/15/23.................... 535,073,438
132,000,000 6.375% due 08/15/02................... 131,793,816
107,000,000 7.25% due 08/15/04.................... 110,577,866
100,000,000 7.50% due 11/15/01.................... 101,281,300
--------------
1,386,934,490
--------------
U.S. TREASURY NOTES -- 3.9%
268,000,000 5.75% due 06/30/01.................... 266,073,884
275,000,000 5.875% due 10/31/01 - 11/30/01........ 272,687,500
--------------
538,761,384
--------------
$2,426,537,792
Total U.S. treasuries & federal
agencies................................
==============
SHORT-TERM SECURITIES -- 1.7%
REPURCHASE AGREEMENT -- 1.7%
237,926,000 Interest in $2,066,447,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.598% due 07/03/00;
maturity amount $238,056,821
(Collateralized by $125,835,832 U.S.
Treasury Notes 5.50% - 7.875% due
08/31/01 - 11/15/04, $1,943,730,718 U.S.
Treasury Bonds 5.25% - 10.625% due
08/15/15 - 02/15/29).................... $ 237,926,000
--------------
Total short-term securities............. $ 237,926,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
<CAPTION>
DIVERSIFICATION OF NET ASSETS:
<S> <C> <C>
Total asset-backed securities
(cost $42,834,289)..................... 0.3% $ 40,739,920
Total commercial mortgage-backed
securities (cost $71,124,641).......... 0.5 69,584,603
Total common stocks (cost
$6,016,090,228)........................ 61.0 8,504,692,193
Total corporate notes (cost
$2,495,440,801)........................ 16.8 2,348,785,447
Total foreign government agencies
(cost $19,988,800)..................... 0.1 18,413,000
Total government bonds (cost
$13,000,000)........................... 0.1 12,954,630
Total municipal bonds (cost
$20,261,589)........................... 0.1 19,758,656
Total preferred stocks (cost
$63,971,370)........................... 1.2 169,787,500
Total U.S. treasuries & federal agencies
(cost $2,463,266,432).................. 17.4 2,426,537,792
Total short-term securities (cost
$237,926,000).......................... 1.7 237,926,000
----- --------------
Total investment in securities (total
cost $11,443,904,150).................. 99.2 13,849,179,741
Cash, receivables and other assets...... 0.8 103,600,455
Securities lending collateral........... 4.6 647,144,941
Payable for fund shares redeemed........ (0.0) (10,646,763)
Securities lending collateral payable to
brokers................................ (4.6) (647,144,941)
Other liabilities....................... (0.0) (94,748)
----- --------------
Net assets.............................. 100.0% $13,942,038,685
===== ==============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
7,000,000,000 shares authorized; 5,134,852,908
shares outstanding............................... $ 513,485,291
Capital surplus................................... 10,598,575,260
Accumulated undistributed net investment income... 175,123,306
Accumulated undistributed net realized gain on
investments...................................... 249,579,237
Unrealized appreciation of investments............ 2,405,275,591
--------------
Net assets........................................ $13,942,038,685
==============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($13,759,228,031
DIVIDED BY 5,067,501,214 shares outstanding)
(6,500,000,000 shares authorized)................ $2.72
====
Class IB
Net asset value per share ($182,810,654
DIVIDED BY 67,351,694 shares outstanding)
(500,000,000 shares authorized).................. $2.71
====
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $249,615,427 or 1.8%
of net assets.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-40 ____________________________________
<PAGE>
HARTFORD HIGH YIELD HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
COLLATERALIZED MORTGAGE OBLIGATIONS -- 0.2%
$ 150,000 DLJ Commercial Mortgage Corp.,
Series 1998-CF1, Class B2
7.33% due 01/15/10.................... $ 133,081
-----------
Total collateralized mortgage
obligations............................. $ 133,081
===========
CORPORATE NOTES -- 82.2%
APPAREL & TEXTILE -- 0.4%
266,000 Levi Straus & Co.
7.00% due 11/01/06.................... $ 202,160
-----------
CHEMICALS -- 3.4%
225,000 ARCO Chemical Co.
9.80% due 02/01/20.................... 207,956
450,000 Equistar Chemicals L.P.
8.50% due 02/15/04.................... 443,340
150,000 General Chemical Industrial
Products, Inc.
10.625% due 05/01/09.................. 130,500
60,000 Georgia Gulf Corp.
10.375% due 11/01/07.................. 62,400
-500,000 Huntsman Corp.
9.50% due 07/01/07.................... 455,000
-300,000 Huntsman Corp.
13.00% due 06/01/10................... 309,000
210,000 Huntsman ICI Chemicals LLC
10.125% due 07/01/09.................. 211,575
75,000 Lyondell Chemical Co.
9.625% due 05/01/07................... 73,875
-----------
1,893,646
-----------
COMMUNICATIONS -- 13.1%
300,000 Centennial Communications
10.75% due 12/15/08................... 291,374
108,000 Global Crossing Holdings Ltd.
9.50% due 11/15/09.................... 104,220
800,000 Global Crossing Holdings Ltd.
9.625% due 05/15/08................... 776,000
-875,000 Level 3 Communications
11.25% due 03/15/10................... 784,886
350,000 Loral Space & Communications Ltd.
9.50% due 01/15/06.................... 253,750
100,000 McLeodUSA, Inc.
8.125% due 02/15/09................... 90,250
100,000 McLeodUSA, Inc.
9.25% due 07/15/07.................... 96,500
400,000 McLeodUSA, Inc.
9.50% due 11/01/08.................... 391,000
450,000 Metromedia Fiber Network, Inc.
10.00% due 11/15/08................... 443,250
1,000,000 NEXTEL Communications, Inc.
9.375% due 11/15/09................... 955,000
600,000 NEXTLINK Communications, Inc.
10.75% due 11/15/08................... 591,000
150,000 NEXTLINK Communications, Inc.
12.50% due 04/15/06................... 156,750
850,000 Primus Telecommunications Group, Inc.
11.25% due 01/15/09................... 663,000
-250,000 Rhythms Netconnections, Inc.
14.00% due 02/15/10................... 181,250
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
COMMUNICATIONS -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
$ 120,000 Teligent, Inc.
11.50% due 12/01/07................... $ 93,000
590,000 Time Warner Telecom, Inc.
9.75% due 07/15/08.................... 570,825
875,000 Williams Communications Group, Inc.
10.875% due 10/01/09.................. 855,313
-120,000 Winstar Communications, Inc.
12.75% due 04/15/10................... 111,900
-----------
7,409,268
-----------
CONSTRUCTION -- 1.6%
150,000 Del Webb Corp.
9.375% due 05/01/09................... 124,500
100,000 Del Webb Corp.
10.25% due 02/15/10................... 86,750
250,000 Kaufman & Broad Home Corp.
9.625% due 11/15/06................... 238,125
100,000 MDC Holdings, Inc.
8.375% due 02/01/08................... 88,500
150,000 Newport News Shipbuilding, Inc.
8.625% due 12/01/06................... 147,750
125,000 Toll Corp.
7.75% due 09/15/07.................... 111,875
100,000 Toll Corp.
8.75% due 11/15/06.................... 95,750
-----------
893,250
-----------
CONSUMER DURABLES -- 1.8%
200,000 Federal-Mogul Corp.
7.375% due 01/15/06................... 145,451
500,000 Federal-Mogul Corp.
7.50% due 01/15/09.................... 342,928
75,000 Hayes Lemmerz International, Inc.
8.25% due 12/15/08.................... 63,375
325,000 HMH Properties, Inc.
8.45% due 12/01/08.................... 301,031
200,000 Owens-Illinois, Inc.
7.80% due 05/15/18.................... 162,582
-----------
1,015,367
-----------
CONSUMER NON-DURABLES -- 2.4%
700,000 American Standard Co., Inc.
7.375% due 02/01/08................... 633,500
710,000 Polaroid Corp.
11.50% due 02/15/06................... 738,400
-----------
1,371,900
-----------
CONSUMER SERVICES -- 1.2%
200,000 Service Corp. International
6.50% due 03/15/08.................... 102,000
400,000 Service Corp. International
7.875% due 02/01/13................... 200,000
125,000 Simmons Co.
10.25% due 03/15/09................... 110,938
250,000 Six Flags Entertainment Corp.
8.875% due 04/01/06................... 238,750
-----------
651,688
-----------
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-41 ____________________________________
<PAGE>
HARTFORD HIGH YIELD HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
DRUGS -- 1.3%
$ 800,000 Watson Pharmaceuticals, Inc.
7.125% due 05/15/08................... $ 714,395
-----------
ELECTRONICS -- 0.5%
-550,000 Condor Systems, Inc.
11.875% due 05/01/09.................. 265,375
-----------
ENERGY & SERVICES -- 10.6%
200,000 Belco Oil & Gas Corp.
8.875% due 09/15/07................... 185,000
100,000 Clark Refining & Marketing, Inc.
8.375% due 11/15/07................... 78,500
125,000 Clark Refining & Marketing, Inc.
8.625% due 08/15/08................... 98,124
200,000 CODA Energy, Inc.
10.50% due 04/01/06................... 201,250
75,000 Cross Timbers Oil Co.
8.75% due 11/01/09.................... 71,250
50,000 Gulf Canada Resources Ltd.
8.375% due 11/15/05................... 49,500
100,000 Gulf Canada Resources Ltd.
9.625% due 07/01/05................... 101,750
100,000 Newpark Resources, Inc.
8.625% due 12/15/07................... 87,250
103,000 Nuevo Energy Co.
9.50% due 06/01/08.................... 101,713
550,000 Pioneer Natural Resources Co.
6.50% due 01/15/08.................... 473,805
-550,000 Plains Resources, Inc.
10.25% due 03/15/06................... 554,125
850,000 Pogo Producing Co.
10.375% due 02/15/09.................. 871,250
150,000 R&B Falcon Corp.
6.50% due 04/15/03.................... 138,750
100,000 R&B Falcon Corp.
7.375% due 04/15/18................... 81,000
550,000 R&B Falcon Corp.
11.375% due 03/15/09.................. 596,750
525,000 Seagull Energy Corp.
7.50% due 09/15/27.................... 435,638
300,000 Snyder Oil Corp.
8.75% due 06/15/07.................... 301,500
675,000 Tesoro Petroleum Corp.
9.00% due 07/01/08.................... 641,250
400,000 Tuboscope, Inc.
7.50% due 02/15/08.................... 352,000
300,000 Valero Energy Corp.
8.75% due 06/15/30.................... 310,709
100,000 Vintage Petroleum, Inc.
9.00% due 12/15/05.................... 99,500
125,000 Vintage Petroleum, Inc.
9.75% due 06/30/09.................... 127,188
-----------
5,957,802
-----------
FINANCIAL SERVICES -- 2.5%
-600,000 Dresdner Bank Funding Trust
8.151% due 06/30/31................... 522,437
250,000 Golden State Holdings, Inc.
6.75% due 08/01/01.................... 242,871
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
FINANCIAL SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
$ 150,000 Golden State Holdings, Inc.
7.125% due 08/01/05................... $ 133,874
150,000 Interpool, Inc.
7.35% due 08/01/07.................... 122,258
150,000 Rogers Cantel, Inc.
9.375% due 06/01/08................... 154,500
50,000 Rogers Cantel, Inc.
9.75% due 06/01/16.................... 53,875
200,000 Sumitomo Bank International Finance N.V.
8.50% due 06/15/09.................... 202,201
-----------
1,432,016
-----------
FOOD, BEVERAGE & TOBACCO -- 1.0%
600,000 Canandaigua Brands, Inc.
8.50% due 03/01/09.................... 546,000
-----------
FOREST & PAPER PRODUCTS -- 2.5%
500,000 Boise Cascade Corp.
7.35% due 02/01/16.................... 423,967
175,000 Container Corp. of America
11.25% due 05/01/04................... 176,750
300,000 Domtar, Inc.
8.75% due 08/01/06.................... 309,750
150,000 Stone Container Corp.
10.75% due 10/01/02................... 152,063
125,000 Stone Container Corp.
12.58% due 08/01/16................... 128,750
250,000 Tembec Industries, Inc.
8.625% due 06/30/09................... 240,000
-----------
1,431,280
-----------
HEALTH SERVICES -- 10.5%
200,000 Columbia/HCA Healthcare Corp.
6.91% due 06/15/05.................... 182,701
400,000 Columbia/HCA Healthcare Corp.
7.05% due 12/01/27.................... 294,456
150,000 Columbia/HCA Healthcare Corp.
9.00% due 12/15/14.................... 143,279
700,000 HEALTHSOUTH Corp.
6.875% due 06/15/05................... 599,894
460,000 HEALTHSOUTH Corp.
7.00% due 06/15/08.................... 371,965
1,000,000 IASIS Healthcare Corp.
13.00% due 10/15/09................... 995,000
700,000 Manor Care, Inc.
7.50% due 06/15/06.................... 569,932
550,000 Owens & Minor, Inc.
10.875% due 06/01/06.................. 563,750
960,000 Quorum Health Group, Inc.
8.75% due 11/01/05.................... 912,000
200,000 Tenet Healthcare Corp.
7.625% due 06/01/08................... 183,250
505,000 Tenet Healthcare Corp.
8.00% due 01/15/05.................... 484,800
100,000 Tenet Healthcare Corp.
8.625% due 12/01/03................... 98,942
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-42 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
HEALTH SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
$ 500,000 Universal Health Services, Inc.
8.75% due 08/15/05.................... $ 494,903
-----------
5,894,872
-----------
HOTELS & GAMING -- 1.5%
200,000 MGM Grand, Inc.
6.875% due 02/06/08................... 179,461
400,000 Park Place Entertainment
9.375% due 02/15/07................... 400,000
50,000 Starwood Hotels & Resorts
Worldwide, Inc.
6.75% due 11/15/05.................... 45,226
272,000 Starwood Hotels & Resorts
Worldwide, Inc.
7.375% due 11/15/15................... 229,183
-----------
853,870
-----------
MACHINERY -- 0.1%
955,000 Grove Holdings LLC
0.00% due 05/01/09.................... 70,431
-----------
MEDIA & ENTERTAINMENT -- 14.1%
325,000 Adelphia Business Solutions, Inc.
12.00% due 11/01/07................... 305,500
300,000 Adelphia Communications Corp.
8.375% due 02/01/08................... 265,124
400,000 Adelphia Communications Corp.
8.875% due 01/15/07................... 368,000
200,000 Cablevision Systems Corp.
8.125% due 08/15/09................... 194,580
800,000 Charter Communications Holdings LLC
8.625% due 04/01/09................... 703,000
300,000 Comcast Corp.
10.25% due 10/15/01................... 309,146
350,000 CSC Holdings, Inc.
7.625% due 07/15/18................... 313,915
400,000 CSC Holdings, Inc.
8.125% due 07/15/09................... 389,268
25,000 CSC Holdings, Inc.
9.25% due 11/01/05.................... 25,156
1,000,000 Echostar DBS Corp.
9.375% due 02/01/09................... 960,000
500,000 Fox Kids Worldwide, Inc.
9.25% due 11/01/07.................... 450,000
475,000 Hollinger International
Publishing, Inc.
9.25% due 02/01/06.................... 468,469
550,000 Liberty Media Group
8.25% due 02/01/30.................... 505,045
225,000 News America Holdings
8.25% due 10/17/96.................... 200,520
350,000 PRIMEDIA, Inc.
7.625% due 04/01/08................... 311,500
250,000 PRIMEDIA, Inc.
10.25% due 06/01/04................... 250,000
200,000 Rogers Cablesystems, Inc.
10.00% due 12/01/07................... 204,500
243,000 Rogers Cablesystems, Inc.
10.125% due 09/01/12.................. 248,468
360,000 Telewest Communications PLC
0.00% 10/01/07........................ 341,424
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
MEDIA & ENTERTAINMENT -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
$ 950,000 Telewest Communications PLC
11.25% due 11/01/08................... $ 950,000
25,000 World Color Press, Inc.
7.75% due 02/15/09.................... 208,309
-----------
7,971,924
-----------
MEDICAL INSTRUMENTS &
SUPPLIES -- 1.2%
138,000 Fisher Scientific International, Inc.
9.00% due 02/01/08.................... 126,270
575,000 Fisher Scientific International, Inc.
9.00% due 02/01/08.................... 526,125
-----------
652,395
-----------
METALS, MINERALS & MINING -- 3.9%
350,000 AK Steel Corp.
7.875% due 02/15/09................... 310,625
300,000 Bethlehem Steel Corp.
7.625% due 08/01/04................... 271,577
900,000 Inco Ltd.
9.60% due 06/15/22.................... 882,304
600,000 LTV Corp.
11.75% due 11/15/09................... 504,000
100,000 Placer Dome, Inc.
7.125% due 06/15/07................... 91,519
180,000 WHX Corp.
10.50% due 04/15/05................... 140,400
-----------
2,200,425
-----------
REAL ESTATE -- 0.5%
187,000 Crescent Real Estate Equities Ltd.
7.00% due 09/15/02.................... 172,197
100,000 Trizec Finance Ltd.
10.875% due 10/15/05.................. 100,500
-----------
272,697
-----------
RESEARCH & TESTING FACILITIES -- 0.6%
375,000 Sequa Corp.
9.00% due 08/01/09.................... 360,000
-----------
RETAIL -- 0.5%
325,000 Duane Reade, Inc.
9.25% due 02/15/08.................... 287,625
-----------
TRANSPORTATION -- 1.4%
750,000 Teekay Shipping Corp.
8.32% due 02/01/08.................... 690,000
100,000 United Air Lines, Inc.
9.125% due 01/15/12................... 95,540
-----------
785,540
-----------
UTILITIES -- 5.6%
660,000 AES Corp. (The)
9.50% due 06/01/09.................... 646,800
100,000 AES Corp. (The)
10.25% due 07/15/06................... 99,750
360,000 Allied Waste North American, Inc.
10.00% due 08/01/09................... 300,600
375,000 Browning-Ferris Industries, Inc.
7.40% due 09/15/35.................... 261,205
</TABLE>
_____________________________________ MF-43 ____________________________________
<PAGE>
HARTFORD HIGH YIELD HLS FUND
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
UTILITIES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
$ 100,000 Calpine Corp.
10.50% due 05/15/06................... $ 104,000
300,000 CMS Energy Corp.
6.75% due 01/15/04.................... 277,736
100,000 CMS Energy Corp.
7.50% due 01/15/09.................... 89,454
250,000 CMS Energy Corp.
7.625% due 11/15/04................... 236,198
500,000 Cogentrix Energy, Inc.
8.75% due 10/15/08.................... 478,125
125,000 El Paso Electric Co.
9.40% due 05/01/11.................... 131,244
250,000 Waste Management, Inc.
6.875% due 05/15/09................... 220,330
400,000 Waste Management, Inc.
7.375% due 05/15/29................... 323,572
-----------
3,169,014
-----------
Total corporate notes................... $46,302,940
===========
FOREIGN/YANKEE BONDS & NOTES -- 5.7%
FOREIGN CORPORATIONS -- 4.2%
600,000 British Sky Broadcasting Group PLC
8.20% due 07/15/09.................... $ 562,778
585,000 Kappa Beheer BV
10.625% due 07/15/09.................. 573,392
675,000 Petroleos Mexicanos
9.50% due 09/15/27.................... 681,750
550,000 United Mexican States
9.875% due 02/01/10................... 569,250
-----------
2,387,170
-----------
FOREIGN GOVERNMENTS -- 1.5%
500,000 Republic of Brazil
12.75% due 01/15/20................... 476,300
250,000 Republic of Colombia
8.375% due 02/15/27................... 158,750
500,000 Republic of Ecuador
6.75% due 02/28/25.................... 195,000
-----------
830,050
-----------
Total foreign/yankee bonds & notes...... $ 3,217,220
===========
<CAPTION>
SHARES
----------
<C> <S> <C>
PREFERRED STOCKS -- 2.2%
ENERGY & SERVICES -- 1.3%
32,000 Coastal Finance Corp.................... $ 726,000
-----------
METALS, MINERALS & MINING -- 0.9%
29,000 Rio Algom, Ltd.......................... 514,750
-----------
Total preferred stocks.................. $ 1,240,750
===========
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
---------- -----------
<C> <S> <C>
U.S. TREASURIES & FEDERAL AGENCIES -- 0.2%
FEDERAL HOME LOAN MORTGAGE ASSOCIATION
-- 0.2%
$ 145,000 7.60% due 12/15/03.................... $ 138,915
-----------
Total U.S. treasuries & federal
agencies................................ $ 138,915
===========
SHORT-TERM SECURITIES -- 6.8%
REPURCHASE AGREEMENT -- 6.8%
3,859,000 Interest in $320,669,000 joint $ 3,859,000
repurchase agreement dated 06/30/00 with
State Street Bank, 6.436% due 07/03/00;
maturity amount $3,861,070
(Collateralized by $151,504,351 U.S.
Treasury Bonds 8.125% due 05/15/21,
$171,295,551 U.S. Treasury
Inflation-Indexed Securities 3.625% due
05/15/02)...............................
-----------
Total short-term securities............. $ 3,859,000
===========
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total collateralized mortgage obligations
(cost $141,006)............................ 0.2% $ 133,081
Total corporate notes (cost $48,246,335).... 82.2 46,302,940
Total foreign/yankee bonds & notes
(cost $3,386,437).......................... 5.7 3,217,220
Total preferred stocks (cost $1,260,000).... 2.2 1,240,750
Total U.S. treasuries & federal agencies.... 0.2 138,915
Total short-term securities
(cost $3,859,000).......................... 6.8 3,859,000
----- ----------
Total investment in securities (total
cost $56,896,778).......................... 97.3 54,891,906
Cash, receivables and other assets.......... 3.6 2,004,020
Securities lending collateral............... 9.3 5,247,140
Payable for securities purchased............ (0.8) (452,947)
Securities lending collateral payable to
brokers.................................... (9.3) (5,247,140)
Other liabilities........................... (0.1) (59,691)
----- ----------
Net assets.................................. 100.0% $56,383,288
===== ==========
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.001 per share;
800,000,000 shares authorized; 56,257,365 shares
outstanding........................................ $ 56,257
Capital surplus..................................... 57,887,062
Accumulated undistributed net investment income..... 2,262,827
Accumulated net realized loss on investments........ (1,811,860)
Unrealized depreciation of investments.............. (2,011,039)
Unrealized appreciation of other assets and
liabilities in foreign currencies.................. 41
----------
Net assets.......................................... $56,383,288
==========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($55,810,566 DIVIDED BY
55,685,252
shares outstanding) (600,000,000 shares authorized)...... $1.00
====
Class IB
Net asset value per share ($572,722 DIVIDED BY 572,113
shares outstanding) (200,000,000 shares authorized)...... $1.00
====
</TABLE>
* Non-income producing during the period.
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $3,178,973 or 5.6%
of net assets.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-44 ____________________________________
<PAGE>
HARTFORD BOND HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
COLLATERALIZED MORTGAGE OBLIGATIONS -- 4.4%
$ 2,565,136 California Infrastructure,
Series 1997-1, Class A3
6.17% due 03/25/03.................... $ 2,550,746
11,000,000 California Infrastructure,
Series 1997-1, Class A6
6.38% due 09/25/08.................... 10,662,520
4,394,817 Capital Lease Funding Securitization,
Series 1997-CTL1, Class A1
7.421% due 06/22/24................... 4,388,465
11,400,000 Chemical Master Credit Card Trust,
Series 1996-1, Class A
5.55% due 09/15/03.................... 11,308,230
7,600,000 Comed Transitional Funding Trust,
Series 1998-1, Class A5
5.44% due 03/25/07.................... 7,130,016
5,175,000 DLJ Commercial Mortgage Corp.,
Series 1998-CF1, Class B2
7.33% due 01/15/10.................... 4,591,301
2,232,001 NorthWest Airlines Trust,
Series 1994-2, Class C
11.30% due 06/21/14................... 2,628,583
128,496 Premier Auto Trust, Series 1998-5,
Class A2
5.07% due 04/09/01.................... 128,445
------------
Total collateralized mortgage
obligations............................. $ 43,388,306
============
CORPORATE NOTES -- 36.4%
CHEMICALS -- 0.6%
5,700,000 du Pont (E.I.) de Nemours & Co.
6.75% due 09/01/07.................... $ 5,533,503
------------
COMMUNICATIONS -- 1.9%
9,500,000 AT&T Corp.
6.50% due 03/15/29.................... 7,956,336
1,000,000 Lucent Technologies, Inc.
5.50% due 11/15/08.................... 891,093
5,000,000 US West Capital Funding, Inc.
6.875% due 08/15/01................... 4,975,865
5,000,000 Williams Communications Group, Inc.
10.875% due 10/01/09.................. 4,887,500
------------
18,710,794
------------
CONSUMER DURABLES -- 0.6%
1,150,000 Federal-Mogul Corp.
7.375% due 01/15/06................... 836,346
1,000,000 Owens-Illinois, Inc.
8.10% due 05/15/07.................... 923,828
4,500,000 TRW, Inc.
8.75% due 05/15/06.................... 4,584,231
------------
6,344,405
------------
CONSUMER NON-DURABLES -- 0.1%
1,000,000 Tosco Corp.
8.125% due 02/15/30................... 1,008,229
------------
CONSUMER SERVICES -- 0.2%
4,000,000 Service Corp. International
7.875% due 02/01/13................... 2,000,000
------------
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
EDUCATION -- 1.1%
$ 7,700,000 Massachusetts Institute of Technology
7.25% due 11/02/2096.................. $ 7,277,439
3,500,000 Yale University
7.375% due 04/15/2096................. 3,207,638
------------
10,485,077
------------
ENERGY & SERVICES -- 8.4%
8,250,000 Amoco Co.
6.00% due 06/09/08.................... 7,502,054
1,500,000 Chesapeake & Potomac Telephone Co.
8.30% due 08/01/31.................... 1,540,160
3,600,000 CMS Panhandle Holding Co.
6.125% due 03/15/04................... 3,371,850
6,500,000 Enterprise Oil PLC
6.50% due 05/01/05.................... 6,135,435
8,000,000 Enterprise Oil PLC
6.70% due 09/15/07.................... 7,510,032
1,000,000 Gulf Canada Resources Ltd.
8.25% due 03/15/17.................... 920,000
1,200,000 Gulf Canada Resources Ltd.
8.375% due 11/15/05................... 1,188,000
6,500,000 Noble Drilling Corp.
7.50% due 03/15/19.................... 6,148,422
6,800,000 Occidental Petroleum Corp.
7.375% due 11/15/08................... 6,575,770
3,500,000 Ocean Energy, Inc.
7.625% due 07/01/05................... 3,325,000
4,400,000 Phillips Petroleum Co.
9.00% due 06/01/01.................... 4,447,278
1,000,000 Pioneer Natural Resources Co.
6.50% due 01/15/08.................... 861,464
5,650,000 Pioneer Natural Resources Co.
7.20% due 01/15/28.................... 4,399,988
1,975,000 R&B Falcon Corp.
6.75% due 04/15/05.................... 1,777,500
2,000,000 R&B Falcon Corp.
7.375% due 04/15/18................... 1,620,000
2,500,000 R&B Falcon Corp.
11.375% due 03/15/09.................. 2,712,500
9,511,000 Seagull Energy Corp.
7.50% due 09/15/27.................... 7,892,095
4,500,000 Sonat, Inc.
9.00% due 05/01/01.................... 4,552,821
1,000,000 Tesoro Petroleum Corp.
9.00% due 07/01/08.................... 950,000
2,850,000 Tuboscope, Inc.
7.50% due 02/15/08.................... 2,508,000
2,500,000 Union Oil Co. of California
9.375% due 02/15/11................... 2,762,820
4,500,000 Vaster Resources, Inc.
6.50% due 04/01/09.................... 4,280,391
------------
82,981,580
------------
FINANCIAL SERVICES -- 7.8%
7,650,000 Allstate Corp. (The)
7.875% due 05/01/05................... 7,712,019
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-45 ____________________________________
<PAGE>
HARTFORD BOND HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
FINANCIAL SERVICES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
$ 7,000,000 Bayerische Landesbank Girozentrale (NY)
6.20% due 02/09/06.................... $ 6,580,728
4,500,000 CIT Group, Inc. (The)
7.125% due 06/17/02................... 4,461,336
5,000,000 Ford Motor Credit Co.
5.75% due 02/23/04.................... 4,701,100
5,000,000 Ford Motor Credit Co.
7.375% due 10/28/09................... 4,837,600
13,000,000 Ford Motor Credit Co.
7.75% due 11/15/02.................... 13,084,136
3,800,000 General Motors Acceptance Corp.
6.19% due 08/18/03.................... 3,783,459
4,850,000 Golden State Holdings, Inc.
6.75% due 08/01/01.................... 4,711,702
7,900,000 Inter-American Development Bank
8.875% due 06/01/09................... 8,740,955
500,000 Interpool, Inc.
7.20% due 08/01/07.................... 403,850
4,300,000 Trenwick Group, Inc.
6.70% due 04/01/03.................... 4,170,819
15,000,000 TXU Eastern Funding Co.
6.15% due 05/15/02.................... 14,512,785
------------
77,700,489
------------
FOREST & PAPER PRODUCTS -- 0.9%
2,550,000 Domtar, Inc.
9.50% due 08/01/16.................... 2,655,187
6,300,000 Weyerhaeuser Co.
7.25% due 07/01/13.................... 5,983,249
------------
8,638,436
------------
HEALTH SERVICES -- 2.2%
2,250,000 Columbia/HCA Healthcare Corp.
7.05% due 12/01/27.................... 1,656,315
2,250,000 Columbia/HCA Healthcare Corp.
7.50% due 11/15/95.................... 1,693,062
1,675,000 Columbia/HCA Healthcare Corp.
7.50% due 12/15/23.................... 1,368,631
4,670,000 HEALTHSOUTH Corp.
6.875% due 06/15/05................... 4,002,153
3,870,000 HEALTHSOUTH Corp.
7.00% due 06/15/08.................... 3,129,359
5,640,000 Manor Care, Inc.
7.50% due 06/15/06.................... 4,592,020
6,000,000 Tenet Healthcare Corp.
8.00% due 01/15/05.................... 5,760,000
------------
22,201,540
------------
HOTELS & GAMING -- 0.0%
62,000 Harrah's Operating Co., Inc.
7.875% due 12/15/05................... 58,280
------------
MEDIA & ENTERTAINMENT -- 3.3%
1,000,000 Continental Cablevision, Inc.
9.50% due 08/01/13.................... 1,083,111
1,750,000 CSC Holdings, Inc.
7.25% due 07/15/08.................... 1,623,727
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
</TABLE>
MEDIA & ENTERTAINMENT -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
$ -12,000,000 Hughes Electronics Corp.
7.472% due 10/23/00................... $ 11,995,382
5,000,000 Liberty Media Group
8.25% due 02/01/30.................... 4,591,315
1,230,000 Rogers Cablesystems, Inc.
10.125% due 09/01/12.................. 1,257,675
3,660,000 Shaw Communications, Inc.
8.25% due 04/11/10.................... 3,701,464
10,000,000 Time Warner, Inc.
6.625% due 05/15/29................... 8,409,460
------------
32,662,134
------------
METALS, MINERALS & MINING -- 1.0%
3,600,000 Placer Dome, Inc.
7.125% due 05/15/03................... 3,485,826
7,300,000 Placer Dome, Inc.
7.125% due 06/15/07................... 6,680,894
------------
10,166,720
------------
REAL ESTATE -- 0.5%
5,000,000 Duke Realty LP
7.25% due 09/22/02.................... 4,945,195
------------
RETAIL -- 1.3%
5,000,000 Kmart Corp.
8.96% due 12/10/19.................... 4,522,180
8,585,000 Stop & Shop Cos., Inc. (The)
9.75% due 02/01/02.................... 8,799,874
------------
13,322,054
------------
SOFTWARE & SERVICES -- 0.5%
5,500,000 Gartner Group, Inc., Class A
6.52% due 10/08/23 5,423,863...
------------
TRANSPORTATION -- 1.6%
10,000,000 DaimlerChrysler North America Holding
Corp.
7.75% due 06/15/05.................... 10,085,970
1,500,000 Norfolk Southern Corp.
6.875% due 05/01/01................... 1,495,130
4,512,067 US Airways Group, Inc.
6.76% due 04/15/08.................... 4,028,734
------------
15,609,834
------------
UTILITIES -- 4.4%
5,750,000 Browning-Ferris Industries, Inc.
7.40% due 09/15/35.................... 4,005,162
1,750,000 Cleveland Electric Illuminating Co.
7.13% due 07/01/07.................... 1,645,341
2,225,000 CMS Energy Corp.
6.75% due 01/15/04.................... 2,059,876
800,000 CMS Energy Corp.
7.50% due 01/15/09.................... 715,630
1,341,000 El Paso Electric Co.
9.40% due 05/01/11.................... 1,407,982
-10,000,000 Entergy Gulf States, Inc.
8.04% due 06/02/03.................... 9,997,930
7,250,000 Illinois Power Co.
6.25% due 07/15/02.................... 7,086,099
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-46 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
UTILITIES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
$ 4,725,000 Niagara Mohawk Power Corp.
6.875% due 03/01/01................... $ 4,699,036
5,179,270 Niagara Mohawk Power Corp.
7.25% due 10/01/02.................... 5,109,645
3,100,000 PacifiCorp
6.12% due 01/15/06.................... 2,874,999
4,000,000 Public Service Electric & Gas Co.
7.00% due 09/01/24.................... 3,551,968
475,000 Waste Management, Inc.
6.875% due 05/15/09................... 418,626
------------
43,572,294
------------
Total corporate notes................... $361,364,427
============
FOREIGN/YANKEE BONDS & NOTES -- 8.3%
FOREIGN CORPORATIONS -- 2.5%
17,000,000 Deutsche Telekom International
Finance AG
7.75% due 06/15/05.................... $ 17,116,025
1,800,000 Hydro-Quebec
8.40% due 01/15/22.................... 1,902,778
5,500,000 KFW International Finance, Inc.
9.50% due 12/15/00.................... 5,556,799
------------
24,575,602
------------
FOREIGN GOVERNMENTS -- 5.8%
49,500,000 Bundesobligation
5.125% due 11/21/00................... 47,530,821
8,850,000 Province of Quebec
5.75% due 02/15/09.................... 7,917,572
2,200,000 Province of Quebec
7.50% due 09/15/29.................... 2,157,294
------------
57,605,687
------------
Total foreign/yankee bonds & notes...... $ 82,181,289
============
<CAPTION>
SHARES
---------------
<C> <S> <C>
PREFERRED STOCKS -- 0.2%
ENERGY & SERVICES - 0.2%
98,966 Coastal Finance Corp.................... $ 2,245,291
------------
Total preferred stocks.................. $ 2,245,291
============
<CAPTION>
PRINCIPAL
AMOUNT
---------------
<C> <S> <C>
U.S. TREASURIES & FEDERAL AGENCIES -- 42.5%
FEDERAL NATIONAL MORTGAGE ASSOCIATION --
7.9%
$ 61,944,088 6.00% due 07/01/12 - 08/01/14........... $ 58,679,652
5,119,961 6.50% due 10/01/12 - 09/01/28........... 4,906,076
12,534,062 7.50% due 08/01/29 - 05/01/30........... 12,353,584
2,855,872 FNMA Multifamily DUS
6.48% due 12/01/05.................... 2,747,663
------------
78,686,976
------------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
-- 15.5%
166,877,949 6.00% due 01/15/29 - 10/15/29........... 153,513,920
------------
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
</TABLE>
U.S. TREASURIES & FEDERAL AGENCIES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
--------------- ------------
<C> <S> <C>
U.S. TREASURY BONDS -- 12.9%
$ 4,400,000 6.375% due 08/15/27..................... $ 4,525,127
24,970,000 6.875% due 08/15/25..................... 27,147,084
2,150,000 7.625% due 02/15/25..................... 2,535,656
26,770,000 8.75% due 05/15/20 - 08/15/20........... 34,313,998
16,595,000 8.75% due 08/15/17...................... 21,106,766
7,300,000 10.375% due 11/15/09.................... 8,365,347
10,000,000 10.625% due 08/15/15.................... 14,218,750
5,830,000 11.875% due 11/15/03.................... 6,790,131
6,460,000 13.875% due 05/15/11.................... 8,777,525
------------
127,780,385
------------
U.S. TREASURY INFLATION-INDEXED
SECURITIES -- 3.8%
6,537,691 3.375% due 01/15/07..................... 6,274,143
27,235,318 3.625% due 01/15/08..................... 26,409,761
5,088,000 4.25% due 01/15/10...................... 5,162,733
------------
37,846,637
------------
U.S. TREASURY NOTES -- 2.4%
23,700,000 6.125 due 12/31/01...................... 23,566,688
------------
Total U.S. treasuries & federal
agencies................................ $421,394,605
============
SHORT-TERM SECURITIES -- 9.2%
REPURCHASE AGREEMENT -- 9.2%
90,912,000 Interest in $320,669,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.436% due 07/03/00;
maturity amount $90,960,761
(Collateralized by $151,504,351 U.S.
Treasury Bonds 8.125% due 05/15/21,
$171,295,551 U.S. Treasury Inflation-
Indexed Securities 3.625% due
05/15/02)............................... $ 90,912,000
------------
Total short-term securities............. $ 90,912,000
============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total collateralized mortgage
obligations (cost $44,391,242)......... 4.4% $ 43,388,306
Total corporate notes (cost
$374,162,065).......................... 36.4 361,364,427
Total foreign/yankee bonds & notes (cost
$79,524,563)........................... 8.3 82,181,289
Total preferred stocks (cost
$2,214,364)............................ 0.2 2,245,291
Total U.S. treasuries & federal agencies
(cost $417,963,322).................... 42.5 421,394,605
Total short-term securities (cost
$90,912,000)........................... 9.2 90,912,000
----- --------------
Total investment in securities (total
cost $1,009,167,556)................... 101.0 1,001,485,918
Cash, receivables and other assets...... 1.9 17,861,035
Securities lending collateral........... 4.0 39,882,246
Payable for securities purchased........ (2.8) (27,273,735)
Payable for fund shares redeemed........ (0.1) (1,285,013)
Securities lending collateral payable to
brokers................................ (4.0) (39,882,246)
Other liabilities....................... (0.0) (7,152)
----- --------------
Net assets.............................. 100.0% $ 990,781,053
===== ==============
</TABLE>
_____________________________________ MF-47 ____________________________________
<PAGE>
HARTFORD BOND HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
<S> <C> <C>
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
2,000,000,000 shares authorized; 955,479,538 shares
outstanding........................................ $95,547,954
Capital surplus..................................... 904,108,458
Accumulated undistributed net investment income..... 31,000,048
Accumulated net realized loss on investments........ (31,138,530)
Unrealized depreciation of investments.............. (9,062,226)
Unrealized appreciation of futures
contracts Section.................................. 240,518
Unrealized appreciation of other assets and
liabilities in foreign currencies.................. 84,831
-----------
Net assets.......................................... $990,781,053
===========
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($970,072,971
DIVIDED BY 935,504,589 shares outstanding)
(1,600,000,000 shares authorized)................ $1.04
====
Class IB
Net asset value per share ($20,708,082
DIVIDED BY 19,974,949 shares outstanding)
(400,000,000 shares authorized).................. $1.04
====
</TABLE>
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30,
2000, the market value of these securities amounted to $21,993,312 or 2.2%
of net assets.
Section The Fund had 298 10 year U.S. Treasury Notes September 2000 Index
Futures z]contracts open as of June 30, 2000. These contracts had a value
of $29,348,344 as of June 30, 2000 and were collateralized by Entergy Gulf
States, Inc., 8.04% 06/02/03 and Hughes Electronics Corp., 7.472% 10/23/00
Corporate Notes.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-48 ____________________________________
<PAGE>
HARTFORD MORTGAGE SECURITIES HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
ASSET-BACKED SECURITIES -- 1.4%
$ 3,000,000 Chase Manhattan RV Owner Trust,
Series 1997-A, Class A9
6.32% due 12/15/08.................... $ 2,902,680
1,338,315 Corestates Home Equity Trust,
Series 1994-1, Class A
6.65% due 05/15/09.................... 1,325,654
-------------
Total asset-backed securities........... $ 4,228,334
=============
COLLATERALIZED MORTGAGE OBLIGATIONS -- 19.2%
2,812,183 BA Mortgage Securities, Inc.,
Series 1997-1, Class A10
7.10% due 07/25/26.................... $ 2,795,281
2,146,124 BA Mortgage Securities, Inc.,
Series 1997-2, Class 2A1
7.25% due 10/25/27.................... 2,136,653
7,490,913 Citicorp Mortgage Securities, Inc.,
Series 1994-8, Class A6
6.25% due 05/25/24.................... 7,025,607
5,083,657 Citicorp Mortgage Securities, Inc.,
Series 1998-8, Class A3
6.75% due 09/25/28.................... 4,735,781
3,342,560 Countrywide Home Loans., Series 1998-6,
Class A
6.50% due 06/25/13.................... 3,210,495
-430,167 DLJ Mortgage Acceptance Corp.,
Series 1996-I, Class B1
7.25% due 09/25/11.................... 407,979
-143,389 DLJ Mortgage Acceptance Corp.,
Series 1996-I, Class B2
7.25% due 09/25/11.................... 134,694
2,413,000 GE Capital Mortgage Services, Inc.,
Series 1993-10, Class A3
6.50% due 09/25/23.................... 2,302,050
2,102,664 GE Capital Mortgage Services, Inc.,
Series 1994-19, Class A6
7.50% due 06/25/24.................... 2,099,361
3,621,982 GE Capital Mortgage Services, Inc.,
Series 1994-26, Class A
6.902% due 07/25/09................... 3,548,202
497,830 GE Capital Mortgage Services, Inc.,
Series 1996-1, Class B2
6.75% due 02/25/11.................... 465,884
1,491,904 GE Capital Mortgage Services, Inc.,
Series 1996-1, Class M
6.75% due 02/25/11.................... 1,438,135
507,418 GE Capital Mortgage Services, Inc.,
Series 1996-10, Class B1
6.75% due 06/25/11.................... 484,432
507,418 GE Capital Mortgage Services, Inc.,
Series 1996-10, Class B2
6.75% due 06/25/11.................... 473,158
3,111,629 GE Capital Mortgage Services, Inc.,
Series 1998-7, Class A
6.50% due 04/25/13.................... 2,988,907
6,016,641 GE Capital Mortgage Services, Inc.,
Series 1999-16, Class A
6.50% due 07/25/14.................... 5,745,471
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
</TABLE>
COLLATERALIZED MORTGAGE OBLIGATIONS -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
$ 1,841,528 Housing Securities, Inc.,
Series 1993-E, Class E15
10.00% due 09/25/08................... $ 1,940,599
4,622,899 Norwest Asset Securities Corp.,
Series 1999-22, Class A1
6.50% due 09/25/14.................... 4,412,881
486,854 PNC Mortgage Securities Corp.,
Series 1996-2, Class B1
6.60% due 02/25/11.................... 466,338
162,285 PNC Mortgage Securities Corp.,
Series 1996-2, Class B2
6.60% due 02/25/11.................... 155,446
259,655 PNC Mortgage Securities Corp.,
Series 1996-2, Class B3
6.60% due 02/25/11.................... 244,037
4,200,000 Prudential Home Mortgage Securities Co.
Inc., Series 1994-8, Class A3
6.75% due 03/25/24.................... 4,008,606
1,001,224 Prudential Home Mortgage Securities Co.
Inc., Series 96-3, Class B1
6.75% due 03/25/11.................... 935,804
500,211 Prudential Home Mortgage Securities Co.
Inc., Series 96-3, Class B2
6.75% due 03/25/11.................... 467,528
604,022 Residential Funding Mortgage Securities
I, Inc., Series 1995-S18, Class M3
7.00% due 11/25/10.................... 570,094
232,369 Residential Funding Mortgage Securities
I, Inc., Series 1996-S11, Class M3
7.00% due 04/25/11.................... 218,875
441,120 Residential Funding Mortgage Securities
I, Inc., Series 1996-S19, Class M3
7.50% due 09/25/11.................... 422,192
476,917 Residential Funding Mortgage Securities
I, Inc., Series 1996-S5, Class M3
6.75% due 02/25/11.................... 443,251
2,034,596 Residential Funding Mortgage Securities
I, Inc., Series 1998-S22, Class A1
6.50% due 09/25/13.................... 1,950,913
2,875,682 Residential Funding Mortgage Securities
I, Inc., Series 1999-S22, Class A2
7.00% due 10/25/14.................... 2,800,569
-------------
Total collateralized mortgage
obligations............................. $ 59,029,223
=============
U.S. TREASURIES & FEDERAL AGENCIES -- 78.9%
FEDERAL HOME LOAN MORTGAGE ASSOCIATION
-- 27.9%
7,850,473 FHLMC Strip, Series 192, Class IO
6.50% due 02/01/28.................... $ 2,447,777
19,134,819 7.00% due 10/01/26 - 11/01/29......... 18,495,031
58,556,487 7.50% due 01/01/24 - 07/01/30......... 57,739,469
1,932,930 8.00% due 02/01/13 - 11/01/24......... 1,949,299
1,172,743 8.50% due 07/01/01 - 05/01/25......... 1,193,360
1,117,503 9.00% due 07/01/02 - 10/01/06......... 1,133,463
1,496,803 9.50% due 11/01/08.................... 1,540,468
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-49 ____________________________________
<PAGE>
HARTFORD MORTGAGE SECURITIES HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
</TABLE>
U.S. TREASURIES & FEDERAL AGENCIES -- (CONTINUED)
FEDERAL HOME LOAN MORTGAGE ASSOCIATION -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
$ 894,711 10.00% due 09/01/05 - 11/01/20........ $ 950,663
-------------
85,449,530
-------------
FEDERAL NATIONAL MORTGAGE ASSOCIATION --
19.0%
38,470,133 6.50% due 09/01/25 - 07/01/30......... 36,246,866
11,988,291 7.00% due 02/01/30 - 05/01/30......... 11,570,271
3,750,000 7.25% due 01/15/10.................... 3,780,615
3,000,000 Fannie Mae, Series 1997-28, Class PD
7.50% due 07/18/23.................... 2,992,815
1,564,687 9.00% due 05/01/21 - 09/01/21......... 1,634,767
1,706,584 Fannie Mae, Series 1998-12, Class AM
9.00% due 03/18/28.................... 1,725,250
424,553 Fannie Mae Strip, Series D, Class 2
11.00% due 04/01/09................... 453,078
-------------
58,403,662
-------------
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION
-- 24.4%
23,867,758 7.50% due 04/15/22 - 04/20/30......... 23,658,550
33,913,448 8.00% due 02/15/01 - 07/01/30......... 34,268,088
14,717,929 9.00% due 06/15/17 - 12/15/25......... 15,080,180
1,713,940 9.50% due 10/15/09 - 11/15/09......... 1,785,792
54,946 10.00% due 05/15/13................... 57,819
2,531 11.25% due 01/15/01................... 2,579
74,682 12.50% due 05/15/15 - 08/15/15........ 82,879
-------------
74,935,887
-------------
U.S. TREASURY BONDS -- 4.8%
10,000,000 6.50% due 02/15/10.................... 10,340,630
4,000,000 6.75% due 08/15/26.................... 4,298,752
-------------
14,639,382
-------------
U.S. TREASURY INFLATION-INDEXED
SECURITIES -- 2.8%
8,510,640 3.625% due 07/15/02................... 8,495,961
-------------
Total U.S. treasuries & federal
agencies................................ $ 241,924,422
=============
SHORT-TERM SECURITIES -- 41.2%
COMMERCIAL PAPER -- 32.8%
10,000,000 Associated Corp.
6.520% due 07/18/00................... $ 9,972,832
10,000,000 AT&T Corp.
6.50% due 07/17/00.................... 9,974,722
10,000,000 Fleet Boston Financial Corp.
6.55% due 07/17/00.................... 9,974,528
10,000,000 Ford Motor Credit Co.
6.53% due 07/17/00.................... 9,974,606
10,750,000 Gillette Co. (The)
6.90% due 07/05/00.................... 10,745,879
10,000,000 Goldman Sachs Group, Inc. (The)
6.54% due 07/17/00.................... 9,974,567
10,000,000 IBM Credit Corp.
6.49% due 07/17/00.................... 9,974,761
10,000,000 Salomon Smith Barney Holdings, Inc.
6.53% due 07/17/00.................... 9,974,606
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
</TABLE>
SHORT-TERM SECURITIES -- (CONTINUED)
COMMERCIAL PAPER -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
----------- -------------
<C> <S> <C>
$10,000,000 Toyota Motor Credit Corp.
6.51% due 07/18/00.................... $ 9,972,875
10,000,000 Wood Street Funding Corp.
6.55% due 07/17/00.................... 9,974,528
-------------
Total commercial paper.................. $ 100,513,904
-------------
REPURCHASE AGREEMENT -- 8.4%
25,703,000 Interest in $320,669,000 joint
repurchase agreement dated 06/30/00 with
State Street Bank, 6.436% due 07/03/00;
maturity amount $25,716,762
(Collateralized by $151,504,351 U.S.
Treasury Bonds 8.125% due 05/15/21,
$171,295,551 U.S. Treasury Inflation-
Indexed Securities 3.625% due
05/15/02)............................... 25,703,000
-------------
Total short-term securities............. $ 126,216,904
=============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
DIVERSIFICATION OF NET ASSETS:
Total asset-backed securities (cost
$4,344,689)................................ 1.4% $ 4,228,334
Total collateralized mortgage obligations
(cost $60,314,342)......................... 19.2 59,029,223
Total U.S. treasuries & federal agencies
(cost $240,966,070)........................ 78.9 241,924,422
Total short-term securities
(cost $126,216,904)........................ 41.2 126,216,904
----- ------------
Total investment in securities (total
cost $431,842,005)......................... 140.7 431,398,883
Cash, receivables and other assets.......... 0.8 2,315,582
Payable for securities purchased............ (37.8) (115,752,205)
Payable for fund shares redeemed............ (0.2) (501,206)
Other liabilities........................... (3.5) (10,813,829)
----- ------------
Net assets.................................. 100.0% $306,647,225
===== ============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
800,000,000 shares authorized; 287,472,257 shares
outstanding........................................ $ 28,747,226
Capital surplus..................................... 286,394,392
Accumulated undistributed net investment income..... 10,025,835
Accumulated net realized loss on investments........ (18,077,108)
Unrealized depreciation of investments.............. (443,120)
------------
Net assets.......................................... $306,647,225
============
</TABLE>
<TABLE>
<S> <C>
Class IA
Net asset value per share ($306,413,341 DIVIDED BY
287,252,790
shares outstanding) (600,000,000 shares authorized)...... $1.07
====
Class IB
Net asset value per share ($233,884 DIVIDED BY 219,467
shares outstanding) (200,000,000 shares authorized)...... $1.07
====
</TABLE>
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30, 2000,
the market value of these securities amounted to $542,673 or 0.2% of net
assets.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-50 ____________________________________
<PAGE>
HARTFORD MONEY MARKET HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------- --------------
<C> <S> <C>
COMMERCIAL PAPER -- 71.0%
$ 20,000,000 Abbey National North America PLC
6.58% due 09/12/00.................... $ 19,740,457
11,000,000 American Honda Finance Corp.
6.19% due 07/12/00.................... 10,982,978
12,110,000 American Honda Finance Corp.
6.19% due 07/24/00.................... 12,066,273
10,000,000 ANZ (Delaware), Inc.
6.02% due 08/25/00.................... 9,911,372
15,000,000 Associated Corp.
6.56% due 07/11/00.................... 14,978,133
-20,000,000 AT&T Corp.
6.78% due 06/14/01.................... 20,000,000
10,000,000 Bradford & Bingley Building Society
6.15% due 07/21/00.................... 9,969,250
20,000,000 Bradford & Bingley Building Society
6.56% due 07/10/00.................... 19,974,489
20,000,000 CAFCO
6.55% due 08/07/00.................... 19,872,639
20,000,000 CAFCO
6.62% due 08/01/00.................... 19,893,344
20,000,000 CIESCO L.P.
6.14% due 07/18/00.................... 19,948,833
10,000,000 CIESCO L.P.
6.55% due 08/02/00.................... 9,945,417
10,000,000 CIESCO L.P.
6.59% due 08/02/00.................... 9,945,083
10,000,000 Coca-Cola Co. (The)
6.10% due 07/03/00.................... 10,000,000
20,000,000 Coca-Cola Co. (The)
6.52% due 08/14/00.................... 19,847,867
35,000,000 Countrywide Home Loan
7.13% due 07/05/00.................... 34,986,136
30,000,000 DaimlerChrysler North America Holding
Corp.
6.15% due 07/25/00.................... 29,887,250
15,000,000 du Pont (E.I.) de Nemours & Co.
6.09% due 07/07/00.................... 14,989,850
17,800,000 Emerson Electric Co.
6.46% due 07/06/00.................... 17,790,418
20,000,000 Ford Motor Credit Co.
6.59% due 08/03/00.................... 19,886,506
20,000,000 General Electric Capital Corp.
5.98% due 07/10/00.................... 19,976,744
10,000,000 General Electric Capital Corp.
6.00% due 08/21/00.................... 9,918,333
10,000,000 General Electric Capital Corp.
6.59% due 09/18/00.................... 9,859,047
10,000,000 General Motors Acceptance Corp.
6.00% due 08/14/00.................... 9,930,000
35,000,000 Gillette Co. (The)
6.90% due 07/05/00.................... 34,986,583
10,000,000 Goldman Sachs Group, Inc. (The)
6.03% due 08/14/00.................... 9,929,650
10,000,000 Goldman Sachs Group, Inc. (The)
6.63% due 10/24/00.................... 9,791,892
10,000,000 Market Street Funding Corp.
6.60% due 07/24/00.................... 9,961,500
20,000,000 Market Street Funding Corp.
6.63% due 09/11/00.................... 19,742,167
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------- --------------
<C> <S> <C>
</TABLE>
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------- --------------
<C> <S> <C>
$ 20,000,000 Merita Bank North America, Inc.
6.14% due 12/04/00.................... $ 19,474,689
10,000,000 Merrill Lynch & Co., Inc.
6.03% due 08/21/00.................... 9,917,925
10,000,000 Merrill Lynch & Co., Inc.
6.14% due 07/17/00.................... 9,976,122
10,000,000 Merrill Lynch & Co., Inc.
6.54% due 08/07/00.................... 9,936,417
10,000,000 Morgan (J.P.) & Co.
6.12% due 11/15/00.................... 9,770,500
20,000,000 Morgan Stanley Dean Witter & Co.
6.00% due 07/05/00.................... 19,993,333
20,000,000 Morgan Stanley Dean Witter & Co.
6.55% due 09/18/00.................... 19,719,806
20,000,000 Motorola, Inc.
6.57% due 07/26/00.................... 19,916,050
15,000,000 Motorola, Inc.
6.60% due 09/27/00.................... 14,763,500
20,000,000 National Rural Utilities Cooperative
Finance Corp.
6.14% due 11/06/00.................... 19,570,200
20,000,000 Nationwide Building Society
6.59% due 10/18/00.................... 19,608,261
10,000,000 Old Line Funding Corp.
6.56% due 07/20/00.................... 9,969,022
18,435,000 Pfizer, Inc.
6.58% due 08/07/00.................... 18,317,067
10,000,000 Salomon Smith Barney Holdings, Inc.
6.60% due 09/18/00.................... 9,858,833
10,000,000 Salomon Smith Barney Holdings, Inc.
6.61% due 09/18/00.................... 9,858,619
20,000,000 Sara Lee Corp.
6.49% due 07/06/00.................... 19,989,183
10,000,000 SwedBank
5.97% due 07/10/00.................... 9,988,392
10,000,000 SwedBank
6.19% due 11/28/00.................... 9,745,522
10,000,000 SwedBank
6.19% due 12/05/00.................... 9,733,486
30,000,000 Toronto-Dominion Holdings
6.24% due 10/23/00.................... 29,417,600
20,000,000 Triple A One Funding Corp.
6.60% due 07/24/00.................... 19,923,000
10,000,000 Wood Street Funding Corp.
6.55% due 07/14/00.................... 9,979,986
--------------
Total commercial paper.................. $ 808,139,724
==============
CORPORATE NOTES -- 15.9%
10,000,000 Citigroup, Inc.
5.625% due 02/15/01................... $ 9,934,274
10,000,000 First Union National Bank
6.80% due 02/22/01.................... 10,000,000
20,000,000 Fleet Financial Group, Inc.
6.707% due 03/13/01................... 19,989,949
10,000,000 Fleet National Bank
6.91% due 03/27/01.................... 10,008,797
20,000,000 General Mills, Inc.
6.161% due 07/17/00................... 19,999,254
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-51 ____________________________________
<PAGE>
HARTFORD MONEY MARKET HLS FUND, INC.
--------------------------------------------------------------------------------
STATEMENT OF NET ASSETS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------- --------------
<C> <S> <C>
</TABLE>
CORPORATE NOTES -- (CONTINUED)
<TABLE>
<CAPTION>
PRINCIPAL MARKET
AMOUNT VALUE
-------------- --------------
<C> <S> <C>
$ 10,000,000 General Mills, Inc.
6.68% due 02/09/01.................... $ 9,997,283
-18,000,000 Goldman Sachs Group, Inc. (The)
6.713% due 01/16/01................... 18,038,751
20,000,000 Key Bank N.A.
6.76% due 05/25/01.................... 19,993,562
13,000,000 Nationsbank Corp.
5.75% due 03/15/01.................... 12,911,082
30,000,000 Toyota Motor Credit Corp.
6.181% due 01/09/01................... 29,989,225
20,000,000 Wachovia Bank
6.82% due 09/14/00.................... 19,999,225
--------------
Total corporate notes................... $ 180,861,402
==============
REPURCHASE AGREEMENT -- 14.9%
169,259,000 Interest in $320,669,000 joint
repurchase agreement dated 06/30/00
with State Street Bank, 6.436% due
07/03/00; maturity amount $169,349,783
(Collateralized by $151,504,351 U.S.
Treasury Bonds 8.125% due 05/15/21,
$171,295,551 U.S. Treasury Inflation-
Indexed Securities 3.625% due
05/15/02)............................. $ 169,259,000
--------------
Total repurchase agreement.............. $ 169,259,000
==============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C>
<CAPTION>
DIVERSIFICATION OF NET ASSETS:
<S> <C> <C>
Total commercial paper
(cost $808,139,724).................... 71.0% $ 808,139,724
Total corporate notes
(cost $108,861,402).................... 15.9 180,861,402
Total repurchase agreement
(cost $169,259,000).................... 14.9 169,259,000
----- -------------
Total investment in securities
(total cost $1,158,260,126)............ 101.8 1,158,260,126
Cash, receivables and other assets...... 0.9 10,107,975
Payable for fund shares redeemed........ (2.2) (24,245,388)
Dividends payable....................... (0.5) (5,932,814)
Other liabilities....................... (0.0) (289,974)
----- -------------
Net assets.............................. 100.0% $1,137,899,925
===== =============
</TABLE>
<TABLE>
<S> <C>
SUMMARY OF SHAREHOLDERS' EQUITY:
Capital stock, par value $0.10 per share;
3,000,000,000 shares authorized; 1,137,899,924
shares outstanding............................... $ 113,789,993
Capital surplus................................... 1,024,109,932
-------------
Net assets........................................ $1,137,899,925
=============
Class IA
Shares of benefical interest outstanding, $0.10
par value 2,475,000,000 shares authorized (Net
assets $1,122,864,964)........................... 1,122,864,964
=============
</TABLE>
<TABLE>
<S> <C>
Net asset value................................... $1.00
====
</TABLE>
<TABLE>
<S> <C>
Class IB
Shares of benefical interest outstanding, $0.10
par value 525,000,000 shares authorized (Net
assets $15,034,961).............................. 15,034,961
============
</TABLE>
<TABLE>
<S> <C>
Net asset value................................... $1.00
====
</TABLE>
- Securities exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30, 2000,
the market value of these securities amounted to $38,038,751 or 3.3% of net
assets.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-52 ____________________________________
<PAGE>
[This page intentionally left blank]
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF OPERATIONS
FOR THE PERIOD ENDED JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
HARTFORD HARTFORD
GLOBAL GLOBAL
HEALTH TECHNOLOGY
HLS FUND* HLS FUND*
----------- ----------
<S> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 19,307 $ 1,878
Interest............... 22,025 24,159
Securities lending..... 1,868 123
Less foreign tax
withheld.............. (889) --
---------- ----------
Total investment
income, net......... 42,311 26,160
---------- ----------
EXPENSES:
Investment advisory
fees.................. 16,745 21,340
Administrative services
fees.................. 5,152 6,566
Accounting services.... 382 488
Custodian fees gross... 6,334 9,274
Custodian fees expense
offset................ (443) (1,740)
Board of Directors
fees.................. 3 4
Distribution fees --
Class IB.............. 521 628
Other expenses......... 96 113
---------- ----------
Total expenses,
(before waivers).... 28,790 36,673
Distribution fees --
Class IB waived....... (146) (176)
---------- ----------
Total expenses,
net................. 28,644 36,497
---------- ----------
Net investment income
(loss)................ 13,667 (10,337)
---------- ----------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain on
securities
transactions.......... 397,001 272,239
Net realized gain on
futures contracts..... -- --
Net realized (loss)
gain on forward
foreign currency
contracts............. (7,968) --
Net realized gain
(loss) on foreign
currency
transactions.......... 4,785 --
Net unrealized
appreciation
(depreciation) of
investments........... 2,534,944 1,338,314
Net unrealized
(depreciation)
appreciation of
futures contracts..... -- --
Net unrealized
appreciation
(depreciation) of
forward foreign
currency contracts.... 171 --
Net unrealized
appreciation
(depreciation) on
translation of other
assets and liabilities
in foreign
currencies............ 535 --
---------- ----------
Net realized and
unrealized gain (loss)
on investments........ 2,929,468 1,610,553
---------- ----------
Net increase (decrease)
in net assets
resulting from
operations............ $2,943,135 $1,600,216
========== ==========
</TABLE>
* From inception May 1, 2000 to June 30, 2000.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-54 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD HARTFORD HARTFORD
SMALL CAPITAL HARTFORD INTERNATIONAL HARTFORD HARTFORD
COMPANY APPRECIATION MIDCAP OPPORTUNITIES GLOBAL LEADERS STOCK
HLS FUND, INC. HLS FUND, INC. HLS FUND, INC. HLS FUND, INC. HLS FUND HLS FUND, INC.
-------------- --------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 602,444 $ 39,415,449 $ 1,940,915 $ 14,237,320 $ 2,428,258 $ 42,624,938
Interest............... 1,961,587 19,044,897 733,093 3,581,627 1,016,339 11,476,898
Securities lending..... 20,674 103,914 56,681 113,325 40,029 38,495
Less foreign tax
withheld.............. -- (1,248,687) (35,558) (1,884,559) (226,823) (336,046)
------------ -------------- ------------ ------------- ----------- -------------
Total investment
income, net......... 2,584,705 57,315,573 2,695,131 16,047,713 3,257,803 53,804,285
------------ -------------- ------------ ------------- ----------- -------------
EXPENSES:
Investment advisory
fees.................. 2,509,852 19,479,789 2,601,180 3,857,193 1,008,699 11,985,452
Administrative services
fees.................. 980,718 8,959,915 1,026,234 1,608,104 361,108 9,412,373
Accounting services.... 73,554 671,994 76,968 120,608 27,083 705,928
Custodian fees gross... 12,018 184,293 19,284 425,505 32,546 22,323
Custodian fees expense
offset................ (8,309) (73,365) (4,110) (28,394) (6,554) (2,768)
Board of Directors
fees.................. 1,501 9,656 1,143 1,890 482 9,609
Distribution fees --
Class IB.............. 22,314 45,901 3,668 8,033 2,399 74,796
Other expenses......... 28,903 230,854 19,193 42,239 9,509 305,780
------------ -------------- ------------ ------------- ----------- -------------
Total expenses,
(before waivers).... 3,620,551 29,509,037 3,743,560 6,035,178 1,435,272 22,513,493
Distribution fees --
Class IB waived....... (6,248) (12,852) (1,027) (2,249) (672) (20,943)
------------ -------------- ------------ ------------- ----------- -------------
Total expenses,
net................. 3,614,303 29,496,185 3,742,533 6,032,929 1,434,600 22,492,550
------------ -------------- ------------ ------------- ----------- -------------
Net investment income
(loss)................ (1,029,598) 27,819,388 (1,047,402) 10,014,784 1,823,203 31,311,735
------------ -------------- ------------ ------------- ----------- -------------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain on
securities
transactions.......... 90,249,152 1,516,935,742 119,140,580 143,346,294 10,514,401 275,733,865
Net realized gain on
futures contracts..... -- -- -- 110,369 -- --
Net realized (loss)
gain on forward
foreign currency
contracts............. 3,505 6,180,549 -- (1,392,592) (341,815) 928
Net realized gain
(loss) on foreign
currency
transactions.......... (319) (5,630,570) 977 (893,655) 59,489 9,134
Net unrealized
appreciation
(depreciation) of
investments........... (67,807,033) (511,603,284) 52,161,771 (226,349,654) (5,131,260) (395,863,520)
Net unrealized
(depreciation)
appreciation of
futures contracts..... (9) 1,165 -- (103,692) -- --
Net unrealized
appreciation
(depreciation) of
forward foreign
currency contracts.... 17,873 975,589 -- (317,887) 64,440 --
Net unrealized
appreciation
(depreciation) on
translation of other
assets and liabilities
in foreign
currencies............ (14,254) (150,003) -- 176,077 (55,738) --
------------ -------------- ------------ ------------- ----------- -------------
Net realized and
unrealized gain (loss)
on investments........ 22,448,915 1,006,709,188 171,303,328 (85,424,740) 5,109,517 (120,119,593)
------------ -------------- ------------ ------------- ----------- -------------
Net increase (decrease)
in net assets
resulting from
operations............ $ 21,419,317 $1,034,528,576 $170,255,926 $ (75,409,956) $ 6,932,720 $ (88,807,858)
============ ============== ============ ============= =========== =============
<CAPTION>
HARTFORD
GROWTH AND
INCOME
HLS FUND
-----------
<S> <C>
INVESTMENT INCOME:
Dividends.............. $ 1,365,532
Interest............... 355,968
Securities lending..... --
Less foreign tax
withheld.............. (245)
-----------
Total investment
income, net......... 1,721,255
-----------
EXPENSES:
Investment advisory
fees.................. 803,529
Administrative services
fees.................. 282,906
Accounting services.... 21,218
Custodian fees gross... 6,119
Custodian fees expense
offset................ (865)
Board of Directors
fees.................. 374
Distribution fees --
Class IB.............. 810
Other expenses......... 11,598
-----------
Total expenses,
(before waivers).... 1,125,689
Distribution fees --
Class IB waived....... (227)
-----------
Total expenses,
net................. 1,125,462
-----------
Net investment income
(loss)................ 595,793
-----------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain on
securities
transactions.......... 11,639,925
Net realized gain on
futures contracts..... 760,797
Net realized (loss)
gain on forward
foreign currency
contracts............. --
Net realized gain
(loss) on foreign
currency
transactions.......... --
Net unrealized
appreciation
(depreciation) of
investments........... (4,897,473)
Net unrealized
(depreciation)
appreciation of
futures contracts..... (66,690)
Net unrealized
appreciation
(depreciation) of
forward foreign
currency contracts.... --
Net unrealized
appreciation
(depreciation) on
translation of other
assets and liabilities
in foreign
currencies............ --
-----------
Net realized and
unrealized gain (loss)
on investments........ 7,436,559
-----------
Net increase (decrease)
in net assets
resulting from
operations............ $ 8,032,352
===========
</TABLE>
_____________________________________ MF-55 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF OPERATIONS -- (CONTINUED)
FOR THE PERIOD ENDED JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
HARTFORD
DIVIDEND AND HARTFORD
GROWTH INDEX
HLS FUND, INC. HLS FUND, INC.
-------------- --------------
<S> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 33,062,547 $ 14,483,757
Interest............... 1,927,815 778,246
Securities lending..... 20,677 18,078
Less foreign tax
withheld.............. (214,952) (77,299)
------------- ------------
Total investment
income, net......... 34,796,087 15,202,782
------------- ------------
EXPENSES:
Investment advisory
fees.................. 6,878,180 2,573,343
Administrative services
fees.................. 3,029,746 2,573,343
Accounting services.... 227,231 193,001
Custodian fees gross... 12,654 12,548
Custodian fees expense
offset................ (4,883) (920)
Board of Directors
fees.................. 3,072 2,882
Distribution fees --
Class IB.............. 20,646 2,118
Other expenses......... 101,456 94,337
------------- ------------
Total expenses,
(before waivers).... 10,268,102 5,450,652
Distribution fees --
Class IB waived....... (5,781) (593)
------------- ------------
Total expenses,
net................. 10,262,321 5,450,059
------------- ------------
Net investment
income................ 24,533,766 9,752,723
------------- ------------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain
(loss) on securities
transactions.......... 159,541,345 (2,940,322)
Net realized gain
(loss) on futures
contracts............. -- 196,818
Net realized gain
(loss) on forward
foreign currency
contracts............. 136,770 --
Net realized gain on
option contracts...... 28,665 --
Net realized (loss)
gain on foreign
currency
transactions.......... (157,391) (62)
Net unrealized
(depreciation)
appreciation of
investments........... (238,039,071) (22,643,114)
Net unrealized
(depreciation)
appreciation of
futures contracts..... -- (267,893)
Net unrealized
(depreciation) of
forward foreign
currency contracts.... -- --
Net unrealized
(depreciation)
appreciation on
translation of other
assets and liabilities
in foreign
currencies............ (8,948) --
------------- ------------
Net realized and
unrealized (loss) gain
on investments........ (78,498,630) (25,654,573)
------------- ------------
Net (decrease) increase
in net assets
resulting from
operations............ $ (53,964,864) $(15,901,850)
============= ============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-56 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD HARTFORD
INTERNATIONAL HARTFORD HARTFORD HARTFORD MORTGAGE HARTFORD
ADVISERS ADVISERS HIGH YIELD BOND SECURITIES MONEY MARKET
HLS FUND, INC. HLS FUND, INC. HLS FUND HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
-------------- -------------- ----------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
INVESTMENT INCOME:
Dividends.............. $ 2,084,717 $ 40,196,470 $ 33,500 $ 103,605 $ -- $ --
Interest............... 5,404,850 180,965,848 2,450,485 33,464,352 10,794,579 35,250,992
Securities lending..... 14,211 67,353 1,387 5,741 -- --
Less foreign tax
withheld.............. (289,446) (305,934) -- -- -- --
------------ ------------- ----------- ------------ ----------- -----------
Total investment
income, net......... 7,214,332 220,923,737 2,485,372 33,573,698 10,794,579 35,250,992
------------ ------------- ----------- ------------ ----------- -----------
EXPENSES:
Investment advisory
fees.................. 1,135,244 30,134,618 146,333 1,451,414 399,043 1,430,921
Administrative services
fees.................. 408,530 13,973,950 50,898 987,006 319,234 1,144,737
Accounting services.... 30,640 1,048,046 3,817 74,025 23,942 85,855
Custodian fees gross... 93,081 41,337 4,144 23,359 9,234 4,285
Custodian fees expense
offset................ (6,752) (13,438) (181) (3,069) (837) (908)
Board of Directors
fees.................. 4,914 16,737 65 1,298 1,278 4,214
Distribution fees --
Class IB.............. 617 194,957 206 22,342 49 11,839
Other expenses......... 11,284 458,810 3,207 23,531 16,815 35,621
------------ ------------- ----------- ------------ ----------- -----------
Total expenses,
(before waivers).... 1,677,558 45,855,017 208,489 2,579,906 768,758 2,716,564
Distribution fees --
Class IB waived....... (173) (54,588) (58) (6,256) (14) (3,315)
------------ ------------- ----------- ------------ ----------- -----------
Total expenses,
net................. 1,677,385 45,800,429 208,431 2,573,650 768,744 2,713,249
------------ ------------- ----------- ------------ ----------- -----------
Net investment
income................ 5,536,947 175,123,308 2,276,941 31,000,048 10,025,835 32,537,743
------------ ------------- ----------- ------------ ----------- -----------
NET REALIZED AND
UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain
(loss) on securities
transactions.......... 17,397,479 249,570,124 (1,599,240) (11,801,915) (4,387,210) (35,716)
Net realized gain
(loss) on futures
contracts............. 261,778 -- -- (174,572) -- --
Net realized gain
(loss) on forward
foreign currency
contracts............. 7,315,101 928 (11,025) 1,360,919 -- --
Net realized gain on
option contracts...... -- -- -- -- -- --
Net realized (loss)
gain on foreign
currency
transactions.......... (39,611) 8,183 9,826 (1,030,323) -- --
Net unrealized
(depreciation)
appreciation of
investments........... (31,286,900) (357,178,395) (663,149) 26,157,650 4,491,447 --
Net unrealized
(depreciation)
appreciation of
futures contracts..... (1,254,738) -- -- 471,924 -- --
Net unrealized
(depreciation) of
forward foreign
currency contracts.... (4,194,086) -- -- -- -- --
Net unrealized
(depreciation)
appreciation on
translation of other
assets and liabilities
in foreign
currencies............ 207,878 -- 631 84,831 -- --
------------ ------------- ----------- ------------ ----------- -----------
Net realized and
unrealized (loss) gain
on investments........ (11,593,099) (107,599,160) (2,262,957) 15,068,514 104,237 (35,716)
------------ ------------- ----------- ------------ ----------- -----------
Net (decrease) increase
in net assets
resulting from
operations............ $ (6,056,152) $ 67,524,148 $ 13,984 $ 46,068,562 $10,130,072 $32,502,027
============ ============= =========== ============ =========== ===========
</TABLE>
_____________________________________ MF-57 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE PERIOD ENDED JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
HARTFORD HARTFORD
GLOBAL GLOBAL
HEALTH TECHNOLOGY
HLS FUND* HLS FUND*
------------ -----------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)..................... $ 13,667 $ (10,337)
Net realized gain on
investments................ 393,818 272,239
Net unrealized appreciation
(depreciation) of
investments................ 2,535,650 1,338,314
----------- -----------
Net increase (decrease) in
net assets resulting from
operations................. 2,943,135 1,600,216
----------- -----------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class IA.................. -- --
Class IB.................. -- --
From realized gain on
investments
Class IA.................. -- --
Class IB.................. -- --
----------- -----------
Total distributions....... -- --
----------- -----------
CAPITAL SHARE TRANSACTIONS:
Class IA.................. 19,008,094 28,004,765
Class IB.................. 1,301,309 2,197,525
----------- -----------
Net increase from
capital share
transactions........... 20,309,403 30,202,290
----------- -----------
Net increase in net
assets................. 23,252,538 31,802,506
NET ASSETS:
Beginning of period......... -- --
----------- -----------
End of period............... $23,252,538 $31,802,506
=========== ===========
Accumulated undistributed
net investment income
(loss)..................... $ 13,666 $ (10,338)
=========== ===========
</TABLE>
* From inception May 1, 2000 to June 30, 2000.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-58 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD HARTFORD HARTFORD
SMALL CAPITAL HARTFORD INTERNATIONAL HARTFORD
COMPANY APPRECIATION MIDCAP OPPORTUNITIES GLOBAL LEADERS
HLS FUND, INC. HLS FUND, INC. HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
--------------- --------------- --------------- --------------- --------------
<S> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment income
(loss)..................... $ (1,029,598) $ 27,819,388 $ (1,047,402) $ 10,014,784 $ 1,823,203
Net realized gain on
investments................ 90,252,338 1,517,485,721 119,141,557 141,170,416 10,232,075
Net unrealized appreciation
(depreciation) of
investments................ (67,803,423) (510,776,533) 52,161,771 (226,595,156) (5,122,558)
-------------- --------------- -------------- -------------- ------------
Net increase (decrease) in
net assets resulting from
operations................. 21,419,317 1,034,528,576 170,255,926 (75,409,956) 6,932,720
-------------- --------------- -------------- -------------- ------------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class IA.................. -- (3,805,460) -- (10,708,194) (20,051)
Class IB.................. -- (22,902) -- (76,325) (291)
From realized gain on
investments
Class IA.................. (117,754,046) (1,257,339,181) (52,224,942) (171,516,585) (2,622,287)
Class IB.................. (3,079,849) (7,712,912) (412,501) (1,223,514) (38,228)
-------------- --------------- -------------- -------------- ------------
Total distributions....... (120,833,895) (1,268,880,455) (52,637,443) (183,524,618) (2,680,857)
-------------- --------------- -------------- -------------- ------------
CAPITAL SHARE TRANSACTIONS:
Class IA.................. 412,727,319 1,638,386,046 534,961,884 249,825,858 294,031,644
Class IB.................. 20,049,442 39,473,394 10,495,924 9,806,041 7,046,570
-------------- --------------- -------------- -------------- ------------
Net increase from
capital share
transactions........... 432,776,761 1,677,859,440 545,457,808 259,631,899 301,078,214
-------------- --------------- -------------- -------------- ------------
Net increase in net
assets................. 333,362,183 1,443,507,561 663,076,291 697,325 305,330,077
NET ASSETS:
Beginning of period......... 767,502,233 7,985,996,377 672,713,807 1,578,038,808 179,743,919
-------------- --------------- -------------- -------------- ------------
End of period............... $1,100,864,416 $9,429,503,938 $1,335,790,098 $1,578,736,133 $485,073,996
============== =============== ============== ============== ============
Accumulated undistributed
net investment income
(loss)..................... $ (1,029,598) $ 28,097,122 $ (1,047,402) $ 6,140,661 $ 1,794,497
============== =============== ============== ============== ============
<CAPTION>
HARTFORD
HARTFORD GROWTH AND
STOCK INCOME
HLS FUND, INC. HLS FUND
--------------- ------------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)..................... $ 31,311,735 $ 595,793
Net realized gain on
investments................ 275,743,927 12,400,722
Net unrealized appreciation
(depreciation) of
investments................ (395,863,520) (4,964,163)
--------------- ------------
Net increase (decrease) in
net assets resulting from
operations................. (88,807,858) 8,032,352
--------------- ------------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class IA.................. (2,419,284) (16,018)
Class IB.................. (19,101) (140)
From realized gain on
investments
Class IA.................. (999,115,721) (3,335,223)
Class IB.................. (8,268,704) (29,168)
--------------- ------------
Total distributions....... (1,009,822,810) (3,380,549)
--------------- ------------
CAPITAL SHARE TRANSACTIONS:
Class IA.................. 1,136,680,629 139,171,726
Class IB.................. 40,256,537 3,259,830
--------------- ------------
Net increase from
capital share
transactions........... 1,176,937,166 142,431,556
--------------- ------------
Net increase in net
assets................. 78,306,498 147,083,359
NET ASSETS:
Beginning of period......... 9,447,823,496 201,871,836
--------------- ------------
End of period............... $9,526,129,994 $348,955,195
=============== ============
Accumulated undistributed
net investment income
(loss)..................... $ 31,316,736 $ 595,793
=============== ============
</TABLE>
_____________________________________ MF-59 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
FOR THE PERIOD ENDED JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
HARTFORD
DIVIDEND AND HARTFORD
GROWTH INDEX
HLS FUND, INC. HLS FUND, INC.
--------------- --------------
<S> <C> <C>
OPERATIONS:
Net investment income....... $ 24,533,766 $ 9,752,723
Net realized gain (loss) on
investments................ 159,549,389 (2,743,566)
Net unrealized
(depreciation) appreciation
of investments............. (238,048,019) (22,911,007)
-------------- --------------
Net (decrease) increase in
net assets resulting from
operations................. (53,964,864) (15,901,850)
-------------- --------------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class IA.................. (2,426,419) (264,144)
Class IB.................. (15,305) (393)
From realized gain on
investments
Class IA.................. (266,487,174) (24,783,748)
Class IB.................. (1,715,211) (36,848)
-------------- --------------
Total distributions....... (270,644,109) (25,085,133)
-------------- --------------
CAPITAL SHARE TRANSACTIONS:
Class IA.................. 29,669,469 82,006,135
Class IB.................. 4,817,195 3,996,698
-------------- --------------
Net increase
(decrease) from capital
share transactions..... 34,486,664 86,002,833
-------------- --------------
Net (decrease)
increase in net
assets................. (290,122,309) 45,015,850
NET ASSETS:
Beginning of period......... 3,223,819,460 2,581,446,661
-------------- --------------
End of period............... $2,933,697,151 $2,626,462,511
============== ==============
Accumulated undistributed
net investment income
(loss)..................... $ 23,091,974 $ 9,767,523
============== ==============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-60 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD HARTFORD
INTERNATIONAL HARTFORD HARTFORD HARTFORD MORTGAGE HARTFORD
ADVISERS ADVISERS HIGH YIELD BOND SECURITIES MONEY MARKET
HLS FUND, INC. HLS FUND, INC. HLS FUND HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
-------------- ---------------- ----------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment income....... $ 5,536,947 $ 175,123,308 $ 2,276,941 $ 31,000,048 $ 10,025,835 $ 32,537,743
Net realized gain (loss) on
investments................ 24,934,747 249,579,235 (1,600,439) (11,645,891) (4,387,210) (35,716)
Net unrealized
(depreciation) appreciation
of investments............. (36,527,846) (357,178,395) (662,518) 26,714,405 4,491,447 --
------------ --------------- ----------- ------------ ------------ --------------
Net (decrease) increase in
net assets resulting from
operations................. (6,056,152) 67,524,148 13,984 46,068,562 10,130,072 32,502,027
------------ --------------- ----------- ------------ ------------ --------------
DISTRIBUTIONS TO SHAREHOLDERS:
From net investment income
Class IA.................. (4,961,334) (29,849,092) (61,191) (4,426,549) (2,172,319) (32,239,227)
Class IB.................. (18,042) (389,528) (621) (93,698) (1,623) (262,798)
From realized gain on
investments
Class IA.................. (26,882,615) (1,188,034,853) -- -- -- --
Class IB.................. (97,763) (15,622,606) -- -- -- --
------------ --------------- ----------- ------------ ------------ --------------
Total distributions....... (31,959,754) (1,233,896,079) (61,812) (4,520,247) (2,173,942) (32,502,025)
------------ --------------- ----------- ------------ ------------ --------------
CAPITAL SHARE TRANSACTIONS:
Class IA.................. 56,247,852 827,867,303 3,131,858 (49,574,084) (41,308,984) (134,570,848)
Class IB.................. 1,641,421 60,330,059 465,887 4,128,454 223,265 6,231,037
------------ --------------- ----------- ------------ ------------ --------------
Net increase
(decrease) from capital
share transactions..... 57,889,273 888,197,362 3,597,745 (45,445,630) (41,085,719) (128,339,811)
------------ --------------- ----------- ------------ ------------ --------------
Net (decrease)
increase in net
assets................. 19,873,367 (278,174,569) 3,549,917 (3,897,315) (33,129,589) (128,339,809)
NET ASSETS:
Beginning of period......... 396,158,206 14,220,213,254 52,833,371 994,678,368 339,776,814 1,266,239,734
------------ --------------- ----------- ------------ ------------ --------------
End of period............... $416,031,573 $13,942,038,685 $56,383,288 $990,781,053 $306,647,225 $1,137,899,925
============ =============== =========== ============ ============ ==============
Accumulated undistributed
net investment income
(loss)..................... $ 4,010,344 $ 175,123,306 $ 2,262,827 $ 31,000,048 $ 10,025,835 $ --
============ =============== =========== ============ ============ ==============
</TABLE>
_____________________________________ MF-61 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
HARTFORD HARTFORD
SMALL CAPITAL
COMPANY APPRECIATION
HLS FUND, INC. HLS FUND, INC.
-------------- ---------------
<S> <C> <C>
OPERATIONS:
Net investment
income................ $ (1,976,601) $ 29,590,553
Net realized (loss)
gain.................. 147,233,369 1,275,672,031
Net unrealized
(depreciation)
appreciation of
investments........... 121,502,066 843,016,317
------------ --------------
Net (decrease) increase
in net assets
resulting from
operations............ 266,758,834 2,148,278,901
------------ --------------
DISTRIBUTIONS TO
SHAREHOLDERS:
From net investment
income
Class IA............. -- (24,013,346)
Class IB............. -- (47,938)
From realized gain on
investments
Class IA............. (986,389) (373,170,325)
Class IB............. (13,611) (2,166,173)
------------ --------------
Total
distributions....... (1,000,000) (399,397,782)
------------ --------------
CAPITAL SHARE
TRANSACTIONS:
Class IA............. 143,679,160 409,058,426
Class IB............. 6,634,327 14,635,220
------------ --------------
Net increase
(decrease) from
capital share
transactions...... 150,313,487 423,693,646
------------ --------------
Net increase
(decrease) in net
assets............ 416,072,321 2,172,574,765
NET ASSETS:
Beginning of year...... 351,429,912 5,813,421,612
------------ --------------
End of year............ $767,502,233 $7,985,996,377
============ ==============
Accumulated
undistributed net
investment income..... $ -- $ 4,106,096
============ ==============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-62 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD HARTFORD HARTFORD
HARTFORD INTERNATIONAL HARTFORD HARTFORD GROWTH AND DIVIDEND AND
MIDCAP OPPORTUNITIES GLOBAL LEADERS STOCK INCOME GROWTH
HLS FUND, INC. HLS FUND, INC. HLS FUND HLS FUND, INC. HLS FUND HLS FUND, INC.
-------------- -------------- -------------- -------------- ------------ ---------------
<S> <C> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment
income................ $ (453,470) $ 15,471,910 $ 293,806 $ 65,458,296 $ 556,158 $ 50,807,217
Net realized (loss)
gain.................. 74,256,853 200,445,808 2,920,899 1,025,416,628 4,442,200 275,965,619
Net unrealized
(depreciation)
appreciation of
investments........... 87,291,822 249,333,414 33,754,415 408,912,415 17,368,897 (162,877,806)
------------ -------------- ------------ -------------- ------------ --------------
Net (decrease) increase
in net assets
resulting from
operations............ 161,095,205 465,251,132 36,969,120 1,499,787,339 22,367,255 163,895,030
------------ -------------- ------------ -------------- ------------ --------------
DISTRIBUTIONS TO
SHAREHOLDERS:
From net investment
income
Class IA............. -- (15,254,141) (230,000) (64,230,258) (540,261) (51,584,635)
Class IB............. -- (26,724) -- (285,493) (17) (240,626)
From realized gain on
investments
Class IA............. (27,865,705) -- (835,856) (619,031,959) (1,243,909) (120,723,195)
Class IB............. (445) -- (435) (6,820,829) (91) (820,318)
------------ -------------- ------------ -------------- ------------ --------------
Total
distributions....... (27,866,150) (15,280,865) (1,066,291) (690,368,539) (1,784,278) (173,368,774)
------------ -------------- ------------ -------------- ------------ --------------
CAPITAL SHARE
TRANSACTIONS:
Class IA............. 395,957,351 (71,217,452) 138,030,655 1,405,976,600 155,965,699 185,464,195
Class IB............. 33,758 1,929,411 10,990 39,214,926 35 7,935,212
------------ -------------- ------------ -------------- ------------ --------------
Net increase
(decrease) from
capital share
transactions...... 395,991,109 (69,288,041) 138,041,645 1,445,191,526 155,965,734 193,399,407
------------ -------------- ------------ -------------- ------------ --------------
Net increase
(decrease) in net
assets............ 529,220,164 380,682,226 173,944,474 2,254,610,326 176,548,711 183,925,663
NET ASSETS:
Beginning of year...... 143,493,643 1,197,356,582 5,799,445 7,193,213,170 25,323,125 3,039,893,797
------------ -------------- ------------ -------------- ------------ --------------
End of year............ $672,713,807 $1,578,038,808 $179,743,919 $9,447,823,496 $201,871,836 $3,223,819,460
============ ============== ============ ============== ============ ==============
Accumulated
undistributed net
investment income..... $ -- $ 6,910,396 $ (8,364) $ 2,443,386 $ 16,158 $ 999,932
============ ============== ============ ============== ============ ==============
</TABLE>
_____________________________________ MF-63 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)
FOR THE YEAR ENDED DECEMBER 31, 1999
<TABLE>
<CAPTION>
HARTFORD
HARTFORD INTERNATIONAL
INDEX ADVISERS
HLS FUND, INC. HLS FUND, INC.
--------------- --------------
<S> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 20,579,345 $ 8,380,352
Net realized gain
(loss)................ 26,366,138 28,196,505
Net unrealized
(depreciation)
appreciation of
investments........... 369,300,044 34,812,206
-------------- ------------
Net increase in net
assets resulting from
operations............ 416,245,527 71,389,063
-------------- ------------
DISTRIBUTIONS TO
SHAREHOLDERS:
From net investment
income
Class IA............. (23,997,823) (6,999,809)
Class IB............. (82) (191)
From realized gain on
investments
Class IA............. (32,133,595) --
Class IB............. (9) --
-------------- ------------
Total
distributions....... (56,131,509) (7,000,000)
-------------- ------------
CAPITAL SHARE
TRANSACTIONS:
Class IA............. 375,205,423 45,906,614
Class IB............. 10,000 10,000
-------------- ------------
Net increase from
capital share
transactions...... 375,215,423 45,916,614
-------------- ------------
Net increase in
net assets........ 735,329,441 110,305,677
NET ASSETS:
Beginning of year...... 1,846,117,220 285,852,529
-------------- ------------
End of year............ $2,581,446,661 $396,158,206
============== ============
Accumulated
undistributed net
investment income..... $ 279,337 $ 3,452,773
============== ============
</TABLE>
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-64 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
HARTFORD
HARTFORD HARTFORD HARTFORD MORTGAGE HARTFORD
ADVISERS HIGH YIELD BOND SECURITIES MONEY MARKET
HLS FUND, INC. HLS FUND HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
---------------- ----------- ---------------- -------------- ---------------
<S> <C> <C> <C> <C> <C>
OPERATIONS:
Net investment income
(loss)................ $ 320,121,537 $ 3,010,849 $ 58,520,227 $ 21,173,942 $ 51,797,629
Net realized gain
(loss)................ 1,204,132,542 (207,453) (18,936,883) (6,343,967) 22,249
Net unrealized
(depreciation)
appreciation of
investments........... (201,833,722) (1,512,476) (58,549,134) (9,624,058) --
--------------- ----------- ---------------- ------------ --------------
Net increase in net
assets resulting from
operations............ 1,322,420,357 1,290,920 (18,965,790) 5,205,917 51,819,878
--------------- ----------- ---------------- ------------ --------------
DISTRIBUTIONS TO
SHAREHOLDERS:
From net investment
income
Class IA............. (294,114,825) (2,960,585) (53,765,163) (18,999,447) (51,531,940)
Class IB............. (2,712,215) (5,858) (835,869) (553) (265,689)
From realized gain on
investments
Class IA............. (985,224,028) (6,008) (6,264,409) -- (22,169)
Class IB............. (10,509,514) (28) (48,164) -- (80)
--------------- ----------- ---------------- ------------ --------------
Total
distributions....... (1,292,560,582) (2,972,479) (60,913,605) (19,000,000) (51,819,878)
--------------- ----------- ---------------- ------------ --------------
CAPITAL SHARE
TRANSACTIONS:
Class IA............. 2,243,273,127 39,928,946 155,218,570 (3,273,436) 384,949,803
Class IB............. 106,955,218 1,851 11,573,774 10,000 6,624,881
--------------- ----------- ---------------- ------------ --------------
Net increase from
capital share
transactions...... 2,350,228,345 39,930,797 166,792,344 (3,263,436) 391,574,684
--------------- ----------- ---------------- ------------ --------------
Net increase in
net assets........ 2,380,088,120 38,249,238 86,912,949 (17,057,519) 391,574,684
NET ASSETS:
Beginning of year...... 11,840,125,134 14,584,133 907,765,419 356,834,333 874,665,050
--------------- ----------- ---------------- ------------ --------------
End of year............ $14,220,213,254 $52,833,371 $ 994,678,368 $339,776,814 $1,266,239,734
=============== =========== ================ ============ ==============
Accumulated
undistributed net
investment income..... $ 30,238,618 $ 47,698 $ 4,520,247 $ 2,173,942 $ --
=============== =========== ================ ============ ==============
</TABLE>
_____________________________________ MF-65 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000 (UNAUDITED)
1. ORGANIZATION:
Hartford Global Health HLS Fund, Hartford Global Technology HLS Fund,
Hartford Small Company HLS Fund, Inc., Hartford Capital Appreciation HLS
Fund, Inc., Hartford MidCap HLS Fund, Inc., Hartford International
Opportunities HLS Fund, Inc., Hartford Global Leaders HLS Fund, Hartford
Stock HLS Fund, Inc., Hartford Growth and Income HLS Fund, Hartford Dividend
and Growth HLS Fund, Inc., Hartford Index HLS Fund, Inc., Hartford
International Advisers HLS Fund, Inc., Hartford Advisers Fund HLS
Fund, Inc., Hartford High Yield HLS Fund, Hartford Bond HLS Fund, Inc.,
Hartford Mortgage Securities HLS Fund, Inc., and Hartford Money Market HLS
Fund, Inc. (each a "Fund" or together the "Funds") are organized under the
laws of the state of Maryland and are registered with the Securities and
Exchange Commission (SEC) under the Investment Company Act of 1940, as
amended, as diversified open-end management investment companies, except for
Hartford Global Health HLS Fund and Hartford Global Technology HLS Fund
which are non-diversified.
The Funds serve as the underlying investment vehicles for certain variable
annuity and variable life insurance separate accounts and group pension
contracts of Hartford Life Insurance Company and Hartford Life and Annuity
Insurance Company (collectively, The Hartford Life Insurance Companies). The
Hartford Life Insurance Companies are affiliates of the Funds. The Funds,
which have different investment goals and policies, are described below.
<TABLE>
<S> <C>
Hartford Global Health HLS Fund Seeks long-term capital appreciation by investing
at least 80% of its total assets in the equity
securities of health care companies worldwide.
Hartford Global Technology HLS Fund Seeks long-term capital appreciation by investing
at least 80% of its total assets in the equity
securities of technology companies worldwide.
Hartford Small Company HLS Fund, Inc. Seeks maximum capital appreciation by investing at
least 65% of its total assets in common stocks of
companies with a market capitalization within the
range represented by the Russell 2000 Index.
Hartford Capital Appreciation HLS Fund, Inc Seeks growth of capital through investment in
equity securities of companies with high growth
potential, including small, medium and large
companies.
Hartford MidCap HLS Fund, Inc. Seeks long-term capital growth through capital
appreciation by investing primarily in equity
securities with market capitalizations within the
range represented by the S&P's MidCap 400 Index.
Hartford International Opportunities HLS Seeks growth of capital through investing
Fund, Inc. primarily in foreign equity securities issues.
Hartford Global Leaders HLS Fund Seeks growth of capital by investing primarily in
equity securities, issued by U.S. and non-U.S.
companies.
Hartford Stock HLS Fund, Inc. Seeks long-term capital growth through investment
in a diversified portfolio of equity securities.
Hartford Growth and Income HLS Fund Seeks growth of capital and current income by
investing primarily in equity securities with
earnings growth potential and steady or rising
dividends.
Hartford Dividend and Growth HLS Fund, Inc. Seeks a high level of current income consistent
with growth of capital and moderate investment
risk. Primary investments are equity securities
and securities convertible into equity securities
that typically have above average yield.
Hartford Index HLS Fund, Inc. Seeks to approximate the price and yield
performance represented by the Standard & Poor's
500 Composite Stock Price Index through
investments in common stocks.
Hartford International Advisers HLS Fund, Inc. Seeks a long-term total rate of return consistent
with moderate risk. Investments include a mix of
debt, equity and money market instruments
primarily with foreign issuers.
Hartford Advisers HLS Fund, Inc. Seeks maximum long-term total rate of return
(capital growth and current income) through
investment in a varying mix of stocks, bonds and
money market instruments.
Hartford High Yield HLS Fund Seeks high current income by investing in high
yield, below investment grade securities. Growth
of capital is a secondary objective.
</TABLE>
_____________________________________ MF-66 ____________________________________
<PAGE>
<TABLE>
<S> <C>
Hartford Bond HLS Fund, Inc. Seeks maximum current income consistent with
preservation of capital through investing
primarily in debt securities.
Hartford Mortgage Securities HLS Fund, Inc. Seeks a high level of current income by investing
primarily in mortgage-related securities,
including securities issued by the Government
National Mortgage Association.
Hartford Money Market HLS Fund, Inc. Seeks a high level of current income consistent
with liquidity and preservation of capital through
investment in money-market securities.
</TABLE>
Each Fund is divided into Class IA and IB shares. Each class is offered at
net asset value without a sales charge and is subject to the same expenses
except that the Class IB shares are subject to distribution fees charged
pursuant to a Rule 12-b1 plan. Distribution and Service Plans have been
adopted in accordance with rule 12b-1 of the Investment Company Act of 1940,
as amended.
2. SIGNIFICANT ACCOUNTING POLICIES:
The following is a summary of significant accounting policies of the Funds,
which are in accordance with generally accepted accounting principles in the
investment company industry:
a) SECURITY TRANSACTIONS--Security transactions are recorded on the trade
date (the day the order to buy or sell is executed). Security gains and
losses are determined on the basis of identified cost.
b) SECURITY VALUATION--Equity securities are valued at the last sales price
reported on principal securities exchanges on which such securities are
traded (domestic or foreign) or on the principal over-the-counter market
on which such securities are traded as of the close of business on the day
the securities are being valued. If no sale occurred on a particular day
and in the case of certain equity securities traded over-the-counter, then
such securities are valued at the mean between the bid and asked prices.
Securities quoted in foreign currencies are translated into U.S. dollars
at the prevailing exchange rates at the end of each business day. Options
are valued at the last sales price; if no sale took place on such day,
then options are valued at the mean between the bid and asked prices.
Securities for which market quotations are not readily available and all
other assets are valued in good faith at their fair values under the
direction of the Funds' Board of Directors.
Debt securities (other than short-term obligations) are valued on the
basis of valuations furnished by an unaffiliated pricing service, which
determines valuations for normal institutional size trading units of debt
securities. Mortgage securities are valued at the bid price. Short-term
securities held in Hartford Money Market HLS Fund, Inc., are valued at
amortized cost or original cost plus accrued interest receivable, both of
which approximate market value. In the remaining Funds, short-term
investments purchased with a maturity of 60 days or less are valued at
amortized cost, which approximates market value. Short-term investments
purchased with a maturity of more than 60 days are valued based on market
quotations until the remaining days to maturity become less than 61 days.
From such time until maturity, the investments are valued at amortized
cost.
c) FOREIGN CURRENCY TRANSACTIONS--The accounting records of the Funds are
maintained in U.S. dollars. All assets and liabilities initially expressed
in foreign currencies are converted into U.S. dollars at the prevailing
exchange rates. Purchases and sales of investment securities, dividend and
interest income and certain expenses are translated at the rates of
exchange prevailing on the respective dates of such transactions.
The Funds do not isolate that portion of the results of operations
resulting from changes in the foreign exchange rates on investments from
the fluctuations arising from changes in the market prices of securities
held. Such fluctuations are included with the net realized and unrealized
gain or loss on investments in the accompanying financial statements.
Net realized foreign exchange gains or losses arise from sales of foreign
currencies and the difference between asset and liability amounts
initially stated in foreign currencies and the U.S. dollar value of the
amounts actually received or paid. Net unrealized foreign exchange gains
or losses arise from changes in the value of other assets and liabilities
at the end of the reporting period, resulting from changes in the exchange
rates.
d) REPURCHASE AGREEMENTS--A repurchase agreement is an agreement by which the
seller of a security agrees to repurchase the security sold at a mutually
agreed upon time and price. At the time the Funds enter into a repurchase
agreement, the value of the underlying collateral security(ies), including
accrued interest, will be equal to or exceed the value of the repurchase
agreement and, in the case of repurchase agreements exceeding one day, the
value of the underlying security(ies), including accrued interest, is
required during the term of the agreement to be equal to or
_____________________________________ MF-67 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
exceed the value of the repurchase agreement. Securities which serve to
collateralize the repurchase agreement are held by each Fund's custodian in book
entry or physical form in the custodial account of the Fund. Repurchase
agreements are valued at cost plus accrued interest receivable. All
repurchase agreements are handled through the Fund's custodian, State
Street Bank.
e) JOINT TRADING ACCOUNT--Pursuant to an exemptive order issued by the SEC,
the Funds may transfer uninvested cash balances into a joint trading
account managed by The Hartford Investment Management Company (HIMCO) or
Wellington Management Company, LLP (Wellington). These balances may be
invested in one or more repurchase agreements and/or short-term money
market instruments.
f) FUTURES, OPTIONS ON FUTURES AND OPTIONS TRANSACTIONS--The Funds enter into
futures contracts to retain their cash balance and yet be exposed to the
market, thereby providing the liquidity necessary to accommodate
redemptions while at the same time providing shareholders with the
investment return of a fully invested portfolio. A futures contract is an
agreement between two parties to buy and sell a security at a set price on
a future date. When the Funds enter into such contracts, they are required
to deposit with their custodian an amount of "initial margin" of cash or
U.S. Treasury bills. Subsequent payments, called maintenance margin, to
and from the broker-dealer, are made on a daily basis as the price of the
underlying debt security fluctuates, making the long and short positions
in the futures contract more or less valuable (i.e., mark-to-market),
which results in an unrealized gain or loss to the Funds. The market value
of a traded futures contract is the last sale price. In the absence of a
last sale price, the last offering price is used. In the absence of either
of these prices, fair value is determined according to procedures
established by the Funds' Board of Directors. The variation margin on
futures contracts is included in excess of cash, receivables and other
assets over liabilities, or excess of liabilities over cash, receivables
and other assets, as applicable, in each Funds' Statement of Net Assets.
At any time prior to the expiration of the futures contract, the Funds may
close the position by taking an opposite position which would operate to
terminate the position in the futures contract. A final determination of
maintenance margin is then made, additional cash is required to be paid by
or released to the Funds and the Funds realize a gain or loss.
The premium paid by the Fund for the purchase of a call or put option is
included in the Funds' Statement of Net Assets as excess of cash,
receivables and other assets over liabilities or excess of liabilities
over cash, receivables and other assets and subsequently
"marked-to-market" to reflect the current market value of the option
purchased as of the end of the reporting period. If an option, which a
Fund has purchased, expires on its stipulated expiration date, the Fund
realizes a loss in the amount of the cost of the option. If the Fund
enters into a closing transaction, it realizes a gain or loss, depending
on whether the proceeds from the sale are greater or less than the cost of
the option. If the Fund exercises a put option, it realizes a gain or loss
from the sale of the underlying security and the proceeds from such sale
will be decreased by the premium originally paid. If the Fund exercises a
call option, the cost of the security which the Fund purchases upon
exercise will be increased by the premium originally paid to buy the call.
The Funds may write covered options. "Covered" means that so long as the
Fund is obligated as the writer of an option, it will own either the
underlying securities or currency or an option to purchase or sell the
same underlying securities or currency having an expiration date of the
covered option at an exercise price equal to or less than the exercise
price of the covered option, or will establish or maintain with its
custodian for the term of the option a "segregated account" consisting of
cash or other liquid securities having a value equal to the fluctuating
market value of the option securities or currencies. The Fund receives a
premium from writing a call or put option, which increases the Fund's
return if the option expires unexercised or is closed out at a net profit.
The Funds' option activity was as follows as of June 30, 2000:
_____________________________________ MF-68 ____________________________________
<PAGE>
HARTFORD DIVIDEND AND GROWTH HLS FUND, INC.
<TABLE>
<CAPTION>
<S> <C> <C>
OPTIONS CONTRACTS
WRITTEN
DURING THE PERIOD
--------------------
NUMBER OF DOLLAR
WRITTEN CALLS CONTRACTS AMOUNTS
---------------------------------------- --------- ---------
Beginning of Period..................... -- $ --
During the Period....................... 1,022 116,328
Expired during the period............... -- --
Closed during the period................ (1,022) (116,328)
Exercised during the period............. -- --
-------- ---------
Balanced at the end of period........... -- $ --
======== =========
</TABLE>
g) FORWARD FOREIGN CURRENCY CONTRACTS--As of June 30, 2000, Hartford Global
Health HLS Fund, Hartford Small Company HLS Fund, Inc., Hartford Capital
Appreciation HLS Fund, Inc., Hartford International Opportunities HLS
Fund, Inc., Hartford Global Leaders HLS Fund and Hartford International
Advisers HLS Fund, Inc., had entered into forward foreign currency
exchange contracts that obligate the funds to repurchase/replace or sell
currencies at specified future dates. The Funds enter into forward foreign
currency contracts to hedge against adverse fluctuations in exchange rates
between currencies. The forward foreign currency contracts' costs are
included in excess of cash, receivables and other assets over liabilities
or excess of liabilities over cash, receivables and other assets, as
applicable, in the Funds' Statement of Net Assets.
Forward foreign currency contracts involve elements of markets risk in
excess of the amount reflected in the Statement of Net Assets. In
addition, risk may arise upon entering into these contracts from the
potential inability of the counter-parties to meet the terms of the
contracts and from unanticipated movements in the value of the foreign
currencies relative to the U.S. dollar.
h) SECURITIES LENDING--Hartford Global Health HLS Fund, Hartford Global
Technology HLS Fund, Hartford Small Company HLS Fund, Inc., Hartford
Capital Appreciation HLS Fund, Inc., Hartford MidCap HLS Fund, Inc.,
Hartford International Opportunities HLS Fund, Inc., Hartford Global
Leaders HLS Fund, Hartford Stock HLS Fund, Inc., Hartford Growth and
Income HLS Fund, Hartford Dividend and Growth HLS Fund, Inc., Hartford
Index HLS Fund, Inc., Hartford International Advisers HLS Fund, Inc.,
Hartford Advisers HLS Fund, Inc., Hartford High Yield HLS Fund and
Hartford Bond HLS Fund, Inc. may lend their securities to certain
qualified brokers who pay these Funds negotiated lender fees. The loans
are collateralized at all times with cash or securities with a market
value at least equal to the market value of the securities on loan. As
with other extensions of credit, these Funds may bear the risk of delay of
the loaned securities in recovery or even loss of rights in the collateral
should the borrower of the securities fail financially. As of June 30,
2000, the market value of the securities loaned and the market value of
the collateral were as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
VALUE OF SECURITIES LOANED VALUE OF COLLATERAL
------------ ------------
Hartford Global Health HLS Fund......... $ 5,043,418 $ 5,219,902
Hartford Global Technology HLS Fund..... 4,516,306 4,646,169
Hartford Small Company HLS
Fund, Inc.............................. 192,767,904 199,894,731
Hartford Capital Appreciation HLS
Fund, Inc.............................. 765,019,281 790,421,193
Hartford MidCap HLS Fund, Inc........... 327,411,335 338,262,039
Hartford International Opportunities HLS
Fund, Inc.............................. 138,837,303 144,256,076
Hartford Global Leaders HLS Fund........ 39,432,530 40,600,358
Hartford Stock HLS Fund, Inc............ 173,984,150 178,727,476
Hartford Dividend and Growth HLS
Fund, Inc.............................. 153,491,362 158,547,001
Hartford Index HLS Fund, Inc............ 52,771,639 54,357,458
Hartford International Advisers HLS
Fund, Inc.............................. 10,730,644 11,048,701
Hartford Advisers HLS Fund, Inc......... 634,102,602 647,144,941
Hartford High Yield HLS Fund............ 5,123,476 5,247,140
Hartford Bond HLS Fund, Inc............. 39,059,323 39,882,246
</TABLE>
i) FEDERAL INCOME TAXES--For federal income tax purposes, the Funds intend to
continue to qualify as regulated investment companies under Subchapter M
of the Internal Revenue Code by distributing substantially all of their
taxable net investment income and net realized capital gains to their
shareholders or otherwise complying with the
_____________________________________ MF-69 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
requirements of regulated investment companies. Accordingly, no provision
for federal income taxes has been made in the accompanying financial statements.
j) FUND SHARE VALUATION AND DISTRIBUTIONS TO SHAREHOLDERS--Orders for the
Funds' shares are executed in accordance with the investment instructions
of the contract holders. Dividend income is accrued as of the ex-dividend
date, except that certain dividends for foreign securities where the
ex-dividend date may have passed are recorded as soon as the fund is
informed of the dividend data in the exercise of due diligence. Interest
income and expenses are accrued on a daily basis. The net asset value of
each Fund's shares is determined as of the close of each business day of
the New York Stock Exchange (the Exchange). Orders for the purchase of a
Fund's shares received prior to the close of the Exchange on any day on
which the Fund is open for business are priced at the per-share net asset
value determined as of the close of the Exchange. Orders received after
the close of the Exchange, or on a day on which the Exchange and/ or the
Fund is not open for business, are priced at the next determined per-share
net asset value.
Dividends are declared by the Funds' Board of Directors based upon the
investment performance of the respective Funds. The policy of all funds,
except the Hartford Money Market HLS Fund, Inc., is to pay dividends from
net investment income and distribute realized capital gains, if any, at
least once a year.
Hartford Money Market HLS Fund, Inc. seeks to maintain a stable net asset
value per share of $1.00 by declaring a daily dividend from net investment
income, including net short-term capital gains and losses, and by valuing
its investments using the amortized cost method. Dividends are distributed
monthly.
Distributions from net investment income, realized capital gains and
capital are determined in accordance with federal income tax regulations,
which may differ from generally accepted accounting principles. These
differences include the treatment of non-taxable dividends, expiring
capital loss carryforwards, foreign currency gains and losses,
partnerships, losses deferred due to wash sales and excise tax
regulations. Permanent book and tax basis differences relating to
shareholder distributions result in reclassifications to capital accounts.
k) USE OF ESTIMATES--The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities as
_____________________________________ MF-70 ____________________________________
<PAGE>
of the date of the financial statements and the reported amounts of income
and expenses during the period. Operating results in the future could vary
from the amounts derived from management's estimates.
l) RESTRICTED SECURITIES--Each Fund is permitted to invest up to 15% of its
net assets in illiquid securities, except for Money Market HLS
Fund, Inc., which may invest up to 10% in such securities. "Illiquid
Securities" are those that may not be sold or disposed of in the ordinary
course of business, at approximately the price used to determine a Fund's
net asset value per share. Each Fund may also purchase certain restricted
securities, commonly known as Rule 144A securities, that can be resold to
institutions and which may be determined to be liquid pursuant to policies
and guidelines established by the Funds' Board of Directors. As of
June 30, 2000 the Funds did not hold any restricted securities (excluding
144A issues).
3. EXPENSES:
a) INVESTMENT MANAGEMENT AND ADVISORY AGREEMENTS--HL Investment Advisors, LLC
(HL Advisors) an indirect wholly-owned subsidiary of The Hartford
Financial Services Group, Inc. (The Hartford), serves as investment
manager to the Funds pursuant to Investment Management Agreements approved
by each Fund's Board of Directors and shareholders.
The schedule below reflects the rates of compensation paid to HL Advisors
for services rendered:
HARTFORD INDEX HLS FUND, INC.
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
<S> <C>
All Assets 0.200%
</TABLE>
HARTFORD MORTGAGE SECURITIES HLS FUND, INC.
AND HARTFORD MONEY MARKET HLS FUND, INC.
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
<S> <C>
All Assets 0.250%
</TABLE>
HARTFORD STOCK HLS FUND, INC.
AND HARTFORD BOND HLS FUND, INC.
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
<S> <C>
On first $250 million 0.325%
On next $250 million 0.300
On next $500 million 0.275
Over $1 billion 0.250
</TABLE>
HARTFORD SMALL COMPANY HLS FUND, INC.,
HARTFORD CAPITAL APPRECIATION HLS FUND, INC.,
HARTFORD MIDCAP HLS FUND, INC.,
HARTFORD INTERNATIONAL OPPORTUNITIES HLS FUND, INC.,
HARTFORD GLOBAL LEADERS HLS FUND
HARTFORD GROWTH AND INCOME HLS FUND,
HARTFORD DIVIDEND AND GROWTH HLS FUND, INC.,
HARTFORD INTERNATIONAL ADVISERS HLS FUND, INC.,
HARTFORD ADVISERS HLS FUND, INC. AND
HARTFORD HIGH YIELD HLS FUND
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
<S> <C>
On first $250 million 0.575%
On next $250 million 0.525
On next $500 million 0.475
Over $1 billion 0.425
</TABLE>
_____________________________________ MF-71 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
HARTFORD GLOBAL HEALTH HLS FUND
AND HARTFORD GLOBAL TECHNOLOGY HLS FUND
<TABLE>
<CAPTION>
AVERAGE DAILY NET ASSETS ANNUAL RATE
------------------------ -----------
<S> <C>
On first $250 million 0.650%
On next $250 million 0.600
Over $500 million 0.550
</TABLE>
Pursuant to investment services agreements between HL Advisors and HIMCO,
HIMCO provides the day-to-day investment management services to the
Hartford Index HLS Fund, Inc., Hartford High Yield HLS Fund, Hartford Bond
HLS Fund, Inc., Hartford Mortgage Securities HLS Fund, Inc., and Hartford
Money Market HLS Fund, Inc. HIMCO is a wholly-owned subsidiary of The
Hartford.
Pursuant to sub-advisory agreements between HL Advisors and Wellington,
Wellington provides the day-to-day investment management services to the
Hartford Global Health HLS Fund, Hartford Global Technology HLS Fund,
Hartford Small Company HLS Fund, Inc., Hartford Capital Appreciation HLS
Fund, Inc., Hartford MidCap HLS Fund, Inc., Hartford International
Opportunities HLS Fund, Inc., Hartford Global Leaders HLS Fund, Hartford
Stock HLS Fund, Inc., Hartford Growth and Income HLS Fund, Hartford
Dividend and Growth HLS Fund, Inc., Hartford International Advisers HLS
Fund, Inc. and Hartford Advisers HLS Fund, Inc.
Wellington and HIMCO determine the purchase and sale of portfolio
securities and place such orders for execution in the name of the
respective Fund. In conjunction with their investment activity, Wellington
and HIMCO regularly furnish reports to the Funds' Board of Directors
concerning economic forecasts, investment strategy, portfolio activity and
performance of the Funds.
b) ADMINISTRATIVE SERVICES AGREEMENT--Under the Administrative Services
Agreement between Hartford Life Insurance Company (HL) and each of the
Funds, HL provides administrative services to the Funds and receives
monthly compensation at the annual rate of 0.20% of each Fund's average
daily net assets. The Funds assume and pay certain other expenses
(including, but not limited to, accounting, custody, state taxes and
directors' fees). Directors' fees represent remuneration paid or accrued
to directors not affiliated with HL or any other related company.
c) OPERATING EXPENSES--Allocable expenses of the Funds are charged to each
Fund based on the ratio of the net assets of each fund to the combined net
assets of the Funds. Non-allocable expenses are charged to each fund based
on specific identification.
d) EXPENSE OFFSET--The Funds have entered into certain expense offset
arrangements with the Custodian Bank. The amount of the Funds' expense
reductions is shown on the accompanying Statement of Operations as
Custodian fees expense offset.
e) DISTRIBUTION PLAN FOR CLASS IB SHARES--Each Fund has adopted a
Distribution Plan pursuant to Rule 12b-1 under the 1940 Act for the
Class IB shares. Pursuant to the Distribution Plan, each Fund compensates
the Distributor from assets attributable to the Class IB shares for
services rendered and expenses borne in connection with activities
primarily intended to result in the sale of the Class IB shares.
Although the Distribution Plan provides that each Fund may pay annually up
to 0.25% of the average daily net assets of a Fund attributable to its
Class IB shares for activities primarily intended to result in the sale of
Class IB shares, the Distributor has voluntarily agreed to waive 0.07% of
the fee. This waiver may be withdrawn at any time after notice to
shareholders. Under the terms of the Distribution Plan and the principal
underwriting agreement, each Fund is authorized to make payments monthly
to the Distributor which may be used to pay or reimburse entities
providing distribution and shareholder servicing with respect to the
Class IB shares for such entities' fees or expenses incurred or paid in
that regard.
_____________________________________ MF-72 ____________________________________
<PAGE>
4. TAX COST AND UNREALIZED APPRECIATION (DEPRECIATION) ON INVESTMENTS:
As of June 30, 2000, the aggregate gross unrealized appreciation and
depreciation of all investments, based on cost for federal income tax
purposes, was as follows:
<TABLE>
<CAPTION>
AGGREGATE GROSS AGGREGATE GROSS NET UNREALIZED
UNREALIZED UNREALIZED APPRECIATION/
FUND TAX COST APPRECIATION (DEPRECIATION) (DEPRECIATION)
---- --------------- --------------- --------------- --------------
<S> <C> <C> <C> <C>
Hartford Small Company HLS
Fund, Inc........................ 979,723,736 176,891,514 (66,980,610) 109,630,905
Hartford Capital Appreciation HLS
Fund, Inc........................ 7,681,495,566 2,631,843,107 (1,001,710,643) 1,630,132,464
Hartford MidCap HLS Fund, Inc...... 1,212,324,501 207,988,526 (63,186,658) 144,801,867
Hartford International
Opportunities HLS Fund, Inc...... 1,428,837,746 231,444,589 (70,061,301) 161,383,288
Hartford Global Leaders HLS Fund... 479,381,795 37,819,542 (13,805,542) 24,014,000
Hartford Stock HLS Fund, Inc....... 6,999,139,369 3,076,663,436 (572,696,314) 2,503,987,121
Hartford Growth and Income HLS
Fund............................. 339,385,691 40,848,341 (25,778,323) 15,070,018
Hartford Dividend and Growth HLS
Fund, Inc........................ 2,749,226,589 487,891,888 (297,261,700) 190,630,188
Hartford Index HLS Fund, Inc....... 1,675,468,269 1,142,540,138 (182,664,078) 959,876,060
Hartford International Advisers HLS
Fund, Inc........................ 402,695,861 34,615,096 (13,522,584) 21,092,512
Hartford Advisers HLS
Fund, Inc........................ 11,443,904,150 3,113,872,532 (708,596,941) 2,405,275,591
Hartford High Yield HLS Fund....... 56,903,588 481,321 (2,499,170) (2,017,849)
Hartford Bond HLS Fund, Inc........ 1,009,617,530 10,292,490 (19,804,690) (9,512,200)
Hartford Mortgage Securities HLS
Fund, Inc........................ 431,842,005 1,799,859 (2,242,980) (443,120)
</TABLE>
5. AFFILIATE HOLDINGS:
a) As of June 30, 2000, HL Investment Advisers, LLC held direct interests
in shares as follows:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
PERCENT PERCENT
FUND CLASS IA OF SHARES CLASS IB OF SHARES
------------------------------ ---------- --------- ---------- ---------
Hartford Global Health HLS
Fund......................... 9,000,000 49.28% 1,000,000 78.21%
Hartford Global Technology HLS
Fund......................... 9,000,000 31.89% 1,000,000 45.42%
Hartford Growth and Income HLS
Fund......................... -- -- 10,031 0.44%
Hartford High Yield HLS
Fund......................... -- -- 101,821 17.80%
Hartford Mortgage Securities
HLS Fund, Inc................ -- -- 9,030 4.11%
</TABLE>
_____________________________________ MF-73 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
b) As of June 30, 2000, certain HL group pension contracts held direct
interests in shares as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
PERCENT OF
FUND SHARES TOTAL SHARES
---------------------------------------- ----------- ------------
Hartford Global Health HLS Fund......... 10,000,000 51.17%
Hartford Global Technology HLS Fund..... 10,000,000 32.87%
Hartford Small Company HLS
Fund, Inc.............................. 13,934,755 2.55%
Hartford Capital Appreciation HLS
Fund, Inc.............................. 60,396,260 3.81%
Hartford MidCap HLS Fund, Inc........... 2,860,381 0.51%
Hartford International Opportunities HLS
Fund, Inc.............................. 17,758,736 1.76%
Hartford Global Leaders HLS Fund........ 913,432 0.37%
Hartford Stock HLS Fund, Inc............ 61,396,110 4.08%
Hartford Growth and Income HLS Fund..... 728,317 0.30%
Hartford Dividend and Growth HLS
Fund, Inc.............................. 12,905,815 0.85%
Hartford Index HLS Fund, Inc............ 46,482,154 7.29%
Hartford International Advisers HLS
Fund, Inc.............................. 3,475,592 1.06%
Hartford Advisers HLS Fund, Inc......... 110,556,823 2.15%
Hartford High Yield HLS Fund............ 198,657 0.35%
Hartford Bond HLS Fund, Inc............. 41,490,053 4.34%
Hartford Mortgage Securities HLS
Fund, Inc.............................. 14,272,477 4.96%
Hartford Money Market HLS Fund, Inc..... 14,263,447 1.25%
</TABLE>
6. INVESTMENT TRANSACTIONS:
As of June 30, 2000, aggregate purchases and sales of investment securities
(excludes short-term investments) were as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
FUND COST OF PURCHASE PROCEEDS FROM SALES
---------------------------------------- ----------------- -------------------
Hartford Global Health HLS Fund......... $ 21,597,242 $ 2,200,976
Hartford Global Technology HLS Fund..... 33,308,430 4,232,787
Hartford Small Company HLS
Fund, Inc.............................. 1,118,998,637 831,403,171
Hartford Capital Appreciation HLS
Fund, Inc.............................. 4,323,654,820 4,116,689,919
Hartford MidCap HLS Fund, Inc........... 1,279,314,773 774,157,944
Hartford International Opportunities HLS
Fund, Inc.............................. 1,227,065,118 1,176,320,843
Hartford Global Leaders HLS Fund........ 1,011,790,518 726,129,489
Hartford Stock HLS Fund, Inc............ 2,125,663,609 1,629,891,882
Hartford Growth and Income HLS Fund..... 239,464,572 103,506,989
Hartford Dividend and Growth HLS
Fund, Inc.............................. 957,348,093 1,116,224,104
Hartford Index HLS Fund, Inc............ 133,967,906 53,404,988
Hartford International Advisers HLS
Fund, Inc.............................. 363,788,224 316,166,175
Hartford Advisers HLS Fund, Inc......... 2,538,265,743 2,238,611,724
Hartford High Yield HLS Fund............ 18,911,605 18,721,176
Hartford Bond HLS Fund, Inc............. 848,279,072 889,541,199
Hartford Mortgage Securities HLS
Fund, Inc.............................. 732,595,334 646,628,954
</TABLE>
7. CAPITAL LOSS CARRY FORWARD:
At December 31, 1999 (tax year-end), the following Funds had capital loss
carry forwards for U.S. federal tax purposes of approximately:
<TABLE>
<CAPTION>
<S> <C> <C>
FUND AMOUNT YEAR OF EXPIRATION
---------------------------------------- ----------- ------------------
Hartford Bond HLS Fund, Inc............. $12,947,896 2007
Hartford Mortgage Securities HLS Fund,
Inc.................................... 7,251,161 2002
Hartford Mortgage Securities HLS Fund,
Inc.................................... 6,080,766 2007
Hartford High Yield HLS Fund............ 145,594 2007
</TABLE>
_____________________________________ MF-74 ____________________________________
<PAGE>
8. CAPITAL SHARE TRANSACTIONS:
The following information is as of June 30, 2000:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD SMALL
COMPANY
HARTFORD GLOBAL TECHNOLOGY HLS
HARTFORD GLOBAL HEALTH HLS FUND HLS FUND FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 18,743,746 $ 19,509,569 29,539,986 $ 29,379,687 369,963,055
Shares issued on
reinvestment of
distributions........... -- -- -- -- 59,606,427
Shares redeemed.......... (480,688) (501,475) (1,320,127) (1,374,922) (242,072,625)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 18,263,058 $ 19,008,094 28,219,859 $ 28,004,765 187,496,857
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 846,191,291
Shares issued on
reinvestment of
distributions........... 117,754,047
Shares redeemed.......... (551,218,019)
---------------
Net Increase............. $ 412,727,319
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
INTERNATIONAL
OPPORTUNITIES
HARTFORD CAPITAL APPRECIATION HLS
HLS FUND, INC. HARTFORD MIDCAP HLS FUND, INC. FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 127,529,830 $ 846,343,960 316,968,749 $ 733,932,178 1,366,792,263
Shares issued on
reinvestment of
distributions........... 213,399,917 1,261,144,642 22,210,677 52,224,943 116,800,049
Shares redeemed.......... (70,155,520) (469,102,556) (108,985,306) (251,195,237) (1,321,292,231)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 270,774,227 $ 1,638,386,046 230,194,120 $ 534,961,884 162,300,081
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 2,443,209,487
Shares issued on
reinvestment of
distributions........... 182,224,778
Shares redeemed.......... (2,375,608,407)
---------------
Net Increase............. $ 249,825,858
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
GROWTH AND
HARTFORD GLOBAL LEADERS HLS INCOME
FUND HARTFORD STOCK HLS FUND, INC. HLS FUND
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 171,128,571 $ 336,220,323 67,772,880 $ 473,573,095 129,241,637
Shares issued on
reinvestment of
distributions........... 1,355,445 2,642,338 159,171,259 1,001,535,005 2,329,162
Shares redeemed.......... (22,555,047) (44,831,017) (48,406,251) (338,427,471) (32,796,564)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 149,928,969 $ 294,031,644 178,537,888 $ 1,136,680,629 98,774,235
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
HARTFORD GROWTH
AND INCOME
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 182,300,369
Shares issued on
reinvestment of
distributions........... 3,351,241
Shares redeemed.......... (46,479,884)
---------------
Net Increase............. $ 139,171,726
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
INTERNATIONAL
ADVISERS
HARTFORD DIVIDEND AND GROWTH HLS
HLS FUND, INC. HARTFORD INDEX HLS FUND, INC. FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 93,122,239 $ 198,227,923 61,499,120 $ 252,327,061 58,808,200
Shares issued on
reinvestment of
distributions........... 138,736,184 268,913,593 6,076,554 25,047,892 25,147,279
Shares redeemed.......... (208,780,407) (437,472,047) (47,526,515) (195,368,818) (41,122,876)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 23,078,016 $ 29,669,469 20,049,159 $ 82,006,135 42,832,603
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 81,015,428
Shares issued on
reinvestment of
distributions........... 31,843,949
Shares redeemed.......... (56,611,525)
---------------
Net Increase............. $ 56,247,852
===============
</TABLE>
_____________________________________ MF-75 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD ADVISERS HARTFORD BOND
HLS FUND, INC. HARTFORD HIGH YIELD HLS FUND HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 109,084,495 $ 321,265,771 10,018,446 $ 9,887,028 85,859,198
Shares issued on
reinvestment of
distributions........... 450,784,634 1,217,883,945 61,120 61,191 4,294,267
Shares redeemed.......... (242,441,932) (711,282,413) (6,869,717) (6,816,361) (139,554,833)
-------------- --------------- -------------- --------------- --------------
Net Increase
(Decrease).............. 317,427,197 $ 827,867,303 3,209,849 $ 3,131,858 (49,401,368)
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 86,137,889
Shares issued on
reinvestment of
distributions........... 4,426,547
Shares redeemed.......... (140,138,520)
---------------
Net Increase
(Decrease).............. $ (49,574,084)
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
HARTFORD MORTGAGE SECURITIES HARTFORD MONEY MARKET
HLS FUND, INC. HLS FUND, INC.
------------------------------- -------------------------------
SHARES AMOUNT SHARES AMOUNT
-------------- --------------- -------------- ---------------
CLASS IA
Shares sold................... 34,652,010 $ 36,151,826 4,054,050,337 $ 4,054,050,337
Shares issued on reinvestment
of distributions............. 2,045,966 2,172,319 32,239,220 32,239,220
Shares redeemed............... (76,304,250) (79,633,129) (4,220,860,405) (4,220,860,405)
-------------- --------------- -------------- ---------------
Net (Decrease)................ (39,606,274) $ (41,308,984) (134,570,848) $ (134,570,848)
============== =============== ============== ===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD SMALL
HARTFORD GLOBAL HEALTH HARTFORD GLOBAL TECHNOLOGY COMPANY
HLS FUND HLS FUND HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 1,279,010 $ 1,301,823 2,213,199 $ 2,209,370 8,381,764
Shares issued on
reinvestment of
distributions........... -- -- -- -- 1,561,431
Shares redeemed.......... (477) (514) (11,595) (11,845) (752,437)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 1,278,533 $ 1,301,309 2,201,604 $ 2,197,525 9,190,758
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 18,557,198
Shares issued on
reinvestment of
distributions........... 3,079,848
Shares redeemed.......... (1,587,604)
---------------
Net Increase............. $ 20,049,442
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
INTERNATIONAL
HARTFORD CAPITAL APPRECIATION HARTFORD MIDCAP OPPORTUNITIES
HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 4,918,653 $ 32,529,240 4,733,443 $ 11,015,997 5,453,812
Shares issued on
reinvestment of
distributions........... 1,309,591 7,735,814 175,633 412,501 833,696
Shares redeemed.......... (116,794) (791,660) (390,049) (932,574) (688,297)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 6,111,450 $ 39,473,394 4,519,027 $ 10,495,924 5,599,211
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 9,728,256
Shares issued on
reinvestment of
distributions........... 1,299,839
Shares redeemed.......... (1,222,054)
---------------
Net Increase............. $ 9,806,041
===============
</TABLE>
_____________________________________ MF-76 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
GROWTH AND
HARTFORD GLOBAL LEADERS INCOME
HLS FUND HARTFORD STOCK HLS FUND, INC. HLS FUND
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 3,668,345 $ 7,133,398 4,734,785 $ 33,016,147 2,334,678
Shares issued on
reinvestment of
distributions........... 19,782 38,519 1,317,685 8,287,805 20,315
Shares redeemed.......... (64,218) (125,347) (147,893) (1,047,415) (67,831)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 3,623,909 $ 7,046,570 5,904,577 $ 40,256,537 2,287,162
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
HARTFORD GROWTH
AND INCOME
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 3,328,230
Shares issued on
reinvestment of
distributions........... 29,166
Shares redeemed.......... (97,566)
---------------
Net Increase............. $ 3,259,830
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
INTERNATIONAL
HARTFORD DIVIDEND AND GROWTH ADVISERS
HLS FUND, INC. HARTFORD INDEX HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 2,291,043 $ 4,896,578 1,101,041 $ 4,502,383 1,509,101
Shares issued on
reinvestment of
distributions........... 892,705 1,730,516 9,043 37,240 91,540
Shares redeemed.......... (870,977) (1,809,899) (130,875) (542,925) (390,361)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 2,312,771 $ 4,817,195 979,209 $ 3,996,698 1,210,280
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 2,062,486
Shares issued on
reinvestment of
distributions........... 115,805
Shares redeemed.......... (536,870)
---------------
Net Increase............. $ 1,641,421
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD ADVISERS HARTFORD BOND
HLS FUND, INC. HARTFORD HIGH YIELD FUND FUND, INC
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 15,816,181 $ 46,321,799 470,108 $ 465,700 5,075,024
Shares issued on
reinvestment of
distributions........... 5,928,589 16,012,134 509 509 90,918
Shares redeemed.......... (682,911) (2,003,874) (324) (322) (1,096,224)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 21,061,859 $ 60,330,059 470,293 $ 465,887 4,069,718
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 5,143,856
Shares issued on
reinvestment of
distributions........... 93,698
Shares redeemed.......... (1,109,100)
---------------
Net Increase............. $ 4,128,454
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
HARTFORD MORTGAGE SECURITIES HARTFORD MONEY MARKET
HLS FUND, INC. HLS FUND, INC.
------------------------------- -------------------------------
SHARES AMOUNT SHARES AMOUNT
-------------- --------------- -------------- ---------------
CLASS IB
Shares sold................... 209,124 $ 221,873 18,564,291 $ 18,564,291
Shares issued on reinvestment
of distributions............. 1,466 1,555 262,798 262,798
Shares redeemed............... (153) (163) (12,596,052) (12,596,052)
-------------- --------------- -------------- ---------------
Net Increase.................. 210,437 $ 223,265 6,231,037 $ 6,231,037
============== =============== ============== ===============
</TABLE>
_____________________________________ MF-77 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
The following information is for the year ended December 31, 1999:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
HARTFORD SMALL COMPANY HARTFORD CAPITAL APPRECIATION MIDCAP
HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 449,380,629 $ 730,073,657 271,404,748 $ 1,126,019,680 332,613,613
Shares issued on
reinvestment of
distributions........... 465,522 986,389 87,389,279 397,183,670 14,798,773
Shares redeemed.......... (369,178,185) (587,380,886) (218,690,362) (1,114,144,924) (119,536,017)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 80,667,966 $ 143,679,160 86,103,665 $ 409,058,426 227,876,369
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 574,935,141
Shares issued on
reinvestment of
distributions........... 27,768,034
Shares redeemed.......... (206,745,824)
---------------
Net Increase............. $ 395,957,351
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD INTERNATIONAL HARTFORD GLOBAL LEADERS HARTFORD STOCK
OPPORTUNITIES HLS FUND, INC. HLS FUND HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 1,187,527,101 $ 1,833,047,660 93,678,716 $ 143,929,047 235,050,891
Shares issued on
reinvestment of
distributions........... 8,503,477 15,254,141 552,543 1,016,174 110,768,543
Shares redeemed.......... (1,239,798,936) (1,919,519,253) (4,785,794) (6,914,566) (125,298,498)
-------------- --------------- -------------- --------------- --------------
Net (Decrease)
Increase................ (43,768,358) $ (71,217,452) 89,445,465 $ 138,030,655 220,520,936
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 1,558,714,874
Shares issued on
reinvestment of
distributions........... 683,262,216
Shares redeemed.......... (836,000,490)
---------------
Net (Decrease)
Increase................ 1,405,976,600
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD GROWTH AND INCOME HARTFORD DIVIDEND AND GROWTH HARTFORD INDEX
HLS FUND HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 124,785,805 $ 162,231,545 180,202,994 $ 388,544,304 168,042,345
Shares issued on
reinvestment of
distributions........... 1,261,977 1,784,141 83,476,813 172,307,830 14,933,404
Shares redeemed.......... (6,393,685) (8,049,987) (173,958,180) (375,387,939) (83,755,947)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 119,654,097 $ 155,965,699 89,721,627 $ 185,464,195 99,219,802
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 636,888,276
Shares issued on
reinvestment of
distributions........... 56,131,418
Shares redeemed.......... (317,814,271)
---------------
Net Increase............. $ 375,205,423
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD HIGH
HARTFORD INTERNATIONAL ADVISERS HARTFORD ADVISERS YIELD
HLS FUND, INC. HLS FUND, INC. HLS FUND
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 76,211,389 $ 96,821,259 614,913,572 $ 1,778,189,829 44,459,567
Shares issued on
reinvestment of
distributions........... 5,069,911 6,999,809 460,621,368 1,279,338,852 2,365,811
Shares redeemed.......... (45,206,504) (57,914,454) (280,036,788) (814,255,554) (8,593,897)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 36,074,796 $ 45,906,614 795,498,152 $ 2,243,273,127 38,231,481
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 46,499,472
Shares issued on
reinvestment of
distributions........... 2,375,999
Shares redeemed.......... (8,946,525)
---------------
Net Increase............. $ 39,928,946
===============
</TABLE>
_____________________________________ MF-78 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD MONEY
HARTFORD MORTGAGE SECURITIES MARKET
HARTFORD BOND HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IA
Shares sold.............. 277,049,634 $ 292,698,172 57,420,210 $ 62,723,439 3,906,482,986
Shares issued on
reinvestment of
distributions........... 60,010,055 60,029,553 18,281,971 18,999,447 51,555,581
Shares redeemed.......... (187,269,736) (197,509,155) (77,858,092) (84,996,322) (3,573,088,764)
-------------- --------------- -------------- --------------- --------------
Net Increase
(Decrease).............. 149,789,953 $ 155,218,570 (2,155,911) $ (3,273,436) 384,949,803
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IA
Shares sold.............. $ 3,906,482,986
Shares issued on
reinvestment of
distributions........... 51,555,581
Shares redeemed.......... (3,573,088,764)
---------------
Net Increase
(Decrease).............. $ 384,949,803
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD
HARTFORD SMALL COMPANY HARTFORD CAPITAL APPRECIATION MIDCAP
HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 4,416,848 $ 7,085,792 2,434,908 $ 12,891,538 17,655
Shares issued on
reinvestment of
distributions........... 6,427 13,611 492,766 2,214,111 --
Shares redeemed.......... (284,642) (465,076) (80,356) (470,429) (1)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 4,138,633 $ 6,634,327 2,847,318 $ 14,635,220 17,654
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 33,761
Shares issued on
reinvestment of
distributions........... --
Shares redeemed.......... (3)
---------------
Net Increase............. $ 33,758
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD INTERNATIONAL HARTFORD GLOBAL LEADERS HARTFORD STOCK
OPPORTUNITIES HLS FUND, INC. HLS FUND HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 1,364,850 $ 2,144,186 5,350 $ 10,000 4,730,353
Shares issued on
reinvestment of
distributions........... 14,727 26,724 744 992 1,162,222
Shares redeemed.......... (160,935) (241,499) (1) (2) (114,277)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 1,218,642 $ 1,929,411 6,093 $ 10,990 5,778,298
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 33,043,242
Shares issued on
reinvestment of
distributions........... 7,106,322
Shares redeemed.......... (934,638)
---------------
Net Increase............. $ 39,214,926
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD GROWTH AND INCOME HARTFORD DIVIDEND AND GROWTH HARTFORD INDEX
HLS FUND HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. -- $ -- 3,660,327 $ 7,937,438 2,550
Shares issued on
reinvestment of
distributions........... 31 35 515,604 1,060,945 --
Shares redeemed.......... -- -- (491,624) (1,063,171) --
-------------- --------------- -------------- --------------- --------------
Net Increase............. 31 $ 35 3,684,307 $ 7,935,212 2,550
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 10,000
Shares issued on
reinvestment of
distributions........... --
Shares redeemed.......... --
---------------
Net Increase............. $ 10,000
===============
</TABLE>
_____________________________________ MF-79 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
NOTES TO FINANCIAL STATEMENTS -- (CONTINUED)
JUNE 30, 2000 (UNAUDITED)
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD HIGH
HARTFORD INTERNATIONAL ADVISERS HARTFORD ADVISERS YIELD
HLS FUND, INC. HLS FUND, INC. HLS FUND
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 7,691 $ 10,000 31,941,537 $ 94,086,190 --
Shares issued on
reinvestment of
distributions........... -- -- 4,764,781 13,221,729 1,821
Shares redeemed.......... -- -- (120,576) (352,701) --
-------------- --------------- -------------- --------------- --------------
Net Increase............. 7,691 $ 10,000 36,585,742 $ 106,955,218 1,821
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ --
Shares issued on
reinvestment of
distributions........... 1,851
Shares redeemed.......... --
---------------
Net Increase............. $ 1,851
===============
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
HARTFORD MONEY
HARTFORD MORTGAGE SECURITIES MARKET
HARTFORD BOND HLS FUND, INC. HLS FUND, INC. HLS FUND, INC.
------------------------------- ------------------------------- --------------
SHARES AMOUNT SHARES AMOUNT SHARES
-------------- --------------- -------------- --------------- --------------
CLASS IB
Shares sold.............. 12,086,492 $ 12,742,994 9,030 $ 10,000 13,572,465
Shares issued on
reinvestment of
distributions........... 885,821 884,032 -- -- 265,771
Shares redeemed.......... (1,947,721) (2,053,252) -- -- (7,213,355)
-------------- --------------- -------------- --------------- --------------
Net Increase............. 11,024,592 $ 11,573,774 9,030 $ 10,000 6,624,881
============== =============== ============== =============== ==============
<CAPTION>
<S> <C>
---------------
AMOUNT
---------------
CLASS IB
Shares sold.............. $ 13,572,465
Shares issued on
reinvestment of
distributions........... 265,771
Shares redeemed.......... (7,213,355)
---------------
Net Increase............. $ 6,624,881
===============
</TABLE>
11. LINE OF CREDIT:
The funds participate in a $500,000,000 committed revolving line of credit
facility. The facility is to be used for temporary or emergency purposes.
Under the arrangement, the funds are required to own securities having a
market value in excess of 300% of the total bank borrowings. The interest
rate on borrowings varies depending on the nature of the loan. The facility
also requires a fee to be paid based on the amount of the commitment, which
has not been utilized. During the six months ended June 30, 2000, the Funds
did not have any borrowings under this facility.
12. REVERSE STOCK SPLIT FOR CLASS B:
On September 17, 1999, a reverse stock split was declared for the Class B
shares of certain Funds, using the following reverse split percentages:
<TABLE>
<CAPTION>
REVERSE SPLIT
PERCENTAGE
-------------
<S> <C>
Hartford Small Company HLS Fund, Inc.............. 74.613827%
Hartford Capital Appreciation HLS Fund, Inc....... 15.418052%
Hartford International Opportunities
HLS Fund, Inc.................................... 71.625006%
Hartford Stock HLS Fund, Inc...................... 9.265642%
Hartford Dividend and Growth HLS Fund, Inc........ 44.378756%
Hartford Advisers HLS Fund, Inc................... 29.667722%
Hartford Bond HLS Fund, Inc....................... 93.065183%
</TABLE>
_____________________________________ MF-80 ____________________________________
<PAGE>
HARTFORD HLS MUTUAL FUNDS
--------------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA(4) --
----------------------------------------------------------------------------
NET REALIZED
AND
NET ASSET UNREALIZED DIVIDENDS DIVIDENDS
VALUE AT NET GAIN TOTAL FROM FROM NET IN EXCESS OF
BEGINNING INVESTMENT (LOSS) ON INVESTMENT INVESTMENT NET INVESTMENT
OF PERIOD INCOME INVESTMENTS OPERATIONS INCOME INCOME
--------- ---------- ------------ ---------- ----------- --------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL HEALTH
HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... $1.000 $ 0.001 $ 0.189 $ 0.190 $ -- $ --
Class IB............... 1.000 0.001 0.189 0.190 -- --
HARTFORD GLOBAL
TECHNOLOGY HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... 1.000 -- 0.045 0.045 -- --
Class IB............... 1.000 -- 0.045 0.045 -- --
HARTFORD SMALL COMPANY
HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2.188 0.001 0.072 0.073 -- --
Class IB............... 2.187 0.001 0.070 0.071 -- --
For the Year Ended
December 31, 1999
Class IA............... 1.321 (0.005) 0.875 0.870 -- --
Class IB............... 1.323(6) (0.004)(6) 0.871(6) 0.867(6) --(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 1.202 (0.002) 0.141 0.139 -- --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 1.340(6) (0.002)(6) (0.015)(6) (0.017)(6) --(6) --(6)
For the Year Ended
December 31
1997................... 1.069 0.001 0.195 0.196 (0.001) --
From inception,
August 9, 1996 through
December 31, 1996..... 1.000 0.002 0.069 0.071 (0.002) --
HARTFORD CAPITAL
APPRECIATION HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 6.095 0.010 0.762 0.772 (0.003) --
Class IB............... 6.098 (0.068) 0.834 0.766 (0.003) --
For the Year Ended
December 31, 1999
Class IA............... 4.759 0.023 1.643 1.666 (0.018) --
Class IB............... 6.437(6) 0.150(6) 1.503(6) 1.653(6) (0.013)(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 4.410 0.025 0.525 0.550 (0.026) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 6.486(6) 0.013(6) 0.094(6) 0.107(6) (0.156)(6) --(6)
For the Year Ended
December 31
1997................... 3.914 0.020 0.794 0.814 (0.022) --
1996................... 3.490 0.022 0.655 0.677 (0.025) --
1995................... 2.860 0.030 0.785 0.815 (0.030) --
HARTFORD MIDCAP HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2.053 (0.001) 0.422 0.421 -- --
Class IB............... 2.053 (0.001) 0.419 0.418 -- --
For the Year Ended
December 31, 1999
Class IA............... 1.439 -- 0.725 0.725 -- --
From inception
November 9, 1999,
through December 31,
1999
Class IB............... 1.758 -- 0.373 0.373 -- --
For the Year Ended
December 31
1998................... 1.137 (0.001) 0.303 0.302 (0.000) --
From inception,
July 15, 1997 through
December 31, 1997..... 1.000 0.001 0.137 0.138 (0.001) --
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1.876 0.010 (0.116) (0.106) (0.012) --
Class IB............... 1.876 0.018 (0.126) (0.108) (0.012) --
For the Year Ended
December 31, 1999
Class IA............... 1.355 0.019 0.520 0.539 (0.018) --
Class IB............... 1.357(6) 0.017(6) 0.519(6) 0.536(6) (0.017)(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 1.294 0.021 0.147 0.168 (0.019) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 1.396(6) 0.004(6) (0.021)(6) 0.017(6) (0.022)(6) --(6)
For the Year Ended
December 31
1997................... 1.407 0.022 (0.019) 0.003 (0.012) --
1996................... 1.306 0.023 0.140 0.163 (0.025) --
1995................... 1.176 0.020 0.141 0.161 (0.020) --
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford) reached $20 million. The ratio of
expenses to average net assets would have been higher if management fees
were not waived. The ratio of net investment income to average net assets
would have been lower if management fees were not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts for Class IB have been restated to reflect a reverse
stock split effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-80 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA --
--------------------------------------------------------------------------
DISTRIBUTIONS
FROM NET NET ASSET
REALIZED NET INCREASE VALUE AT
GAINS ON DISTRIBUTIONS TOTAL (DECREASE) IN END TOTAL
INVESTMENTS FROM CAPITAL DISTRIBUTIONS NET ASSET VALUE OF PERIOD RETURN
-------------- ------------- ------------- ----------------- --------- ------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL HEALTH
HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... $ -- $ -- $-- $ 0.190 $1.190 19.08
Class IB............... -- -- -- 0.190 1.190 19.05
HARTFORD GLOBAL
TECHNOLOGY HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... -- -- -- 0.045 1.045 2.78
Class IB............... -- -- -- 0.045 1.045 2.75
HARTFORD SMALL COMPANY
HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.250) -- (0.250) (0.177) 2.011 3.63%
Class IB............... (0.250) -- (0.250) (0.179) 2.008 3.54
For the Year Ended
December 31, 1999
Class IA............... (0.003) -- (0.003) 0.867 2.188 65.83
Class IB............... (0.003)(6) --(6) (0.003)(6) 0.864(6) 2.187(6) 65.54
For the Year Ended
December 31, 1998
Class IA............... (0.020) -- (0.020) 0.119 1.321 11.62
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) --(6) (0.017)(6) 1.323(6) (1.30)(2)
For the Year Ended
December 31
1997................... (0.062) -- (0.063) 0.133 1.202 18.38
From inception,
August 9, 1996 through
December 31, 1996..... -- -- (0.002) 0.069 1.069 7.15(2)
HARTFORD CAPITAL
APPRECIATION HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.922) -- (0.925) (0.153) 5.942 12.73
Class IB............... (0.922) -- (0.925) (0.159) 5.939 12.63
For the Year Ended
December 31, 1999
Class IA............... (0.312) -- (0.330) 1.336 6.095 37.46
Class IB............... (1.979)(6) --(6) (1.992)(6) (0.339)(6) 6.098(6) 37.21
For the Year Ended
December 31, 1998
Class IA............... (0.175) -- (0.201) 0.349 4.759 15.48(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.156)(6) (0.049)(6) 6.437(6) 1.65(2)
For the Year Ended
December 31
1997................... (0.296) -- (0.318) 0.496 4.410 22.34
1996................... (0.228) -- (0.253) 0.424 3.914 20.70
1995................... (0.155) -- (0.185) 0.630 3.490 30.25
HARTFORD MIDCAP HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.098) -- (0.098) 0.323 2.376 20.51
Class IB............... (0.098) -- (0.098) 0.320 2.373 20.40
For the Year Ended
December 31, 1999
Class IA............... (0.111) -- (0.111) 0.614 2.053 51.81
From inception
November 9, 1999,
through December 31,
1999
Class IB............... (0.078) -- (0.078) 0.295 2.053 21.39(2)
For the Year Ended
December 31
1998................... -- -- (0.000) 0.302 1.439 26.57
From inception,
July 15, 1997 through
December 31, 1997..... -- -- (0.001) 0.137 1.137 13.81(2)
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.193) -- (0.205) (0.311) 1.565 (5.66)
Class IB............... (0.193) -- (0.205) (0.313) 1.563 (5.74)
For the Year Ended
December 31, 1999
Class IA............... -- -- (0.018) 0.521 1.876 39.86
Class IB............... --(6) --(6) (0.017)(6) 0.519(6) 1.876(6) 39.61
For the Year Ended
December 31, 1998
Class IA............... (0.088) -- (0.107) 0.061 1.355 13.16
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.022)(6) (0.039)(6) 1.357(6) (1.13)(2)
For the Year Ended
December 31
1997................... (0.104) -- (0.116) (0.113) 1.294 0.34
1996................... (0.037) -- (0.062) 0.101 1.407 12.93
1995................... (0.011) -- (0.031) 0.130 1.306 13.93
<CAPTION>
-- RATIOS AND SUPPLEMENTAL DATA --
------------------------------------------------------------------------
RATIO OF RATIO OF RATIO OF
EXPENSES EXPENSES NET
NET ASSETS TO AVERAGE TO AVERAGE INVESTMENT
AT END OF NET ASSETS NET ASSETS INCOME PORTFOLIO
PERIOD AFTER BEFORE TO AVERAGE TURNOVER
(IN THOUSANDS) WAIVERS WAIVERS NET ASSETS RATE(7)
-------------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL HEALTH
HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... $ 21,732 0.60%(1) 0.60%(1) 0.29%(1) 18.51%
Class IB............... 1,521 0.70(1) 0.74(1) 0.20(1) --
HARTFORD GLOBAL
TECHNOLOGY HLS FUND
From inception May 1,
2000 through June 30,
2000 (Unaudited)
Class IA............... 29,502 0.64(1) 0.64(1) (0.17) 27.27
Class IB............... 2,301 0.74(1) 0.77(1) (0.27) --
HARTFORD SMALL COMPANY
HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1,073,048 0.74(1) 0.74(1) (0.21) 92.12
Class IB............... 27,817 0.92(1) 0.99(1) (0.39) --
For the Year Ended
December 31, 1999
Class IA............... 757,302 0.78 0.78 (0.45) 181.34
Class IB............... 10,200 0.96 1.03 (0.63) --
For the Year Ended
December 31, 1998
Class IA............... 350,734 0.77 -- (0.24) 235.72
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 696 0.95(1) -- (0.46)(1) --
For the Year Ended
December 31
1997................... 210,769 0.77 -- 0.08 222.20
From inception,
August 9, 1996 through
December 31, 1996..... 42,812 0.72(1) 0.88(1) 0.31(1)(3) 31.80
HARTFORD CAPITAL
APPRECIATION HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 9,370,819 0.66(1) 0.66(1) 0.62(1) 50.45
Class IB............... 58,685 0.84(1) 0.91(1) 0.44(1) --
For the Year Ended
December 31, 1999
Class IA............... 7,963,003 0.66 0.66 0.46 66.36
Class IB............... 22,993 0.84 0.91 0.28 --
For the Year Ended
December 31, 1998
Class IA............... 5,807,480 0.64 -- 0.59 51.15
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 5,942 0.82(1) -- 0.30(1) --
For the Year Ended
December 31
1997................... 4,802,992 0.64 -- 0.44 57.60
1996................... 3,386,670 0.65 -- 0.60 85.40
1995................... 2,157,892 0.68 -- 0.95 78.60
HARTFORD MIDCAP HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1,325,025 0.73(1) 0.73(1) (0.20)(1) 76.62
Class IB............... 10,765 0.91(1) 0.98(1) (0.38)(1) --
For the Year Ended
December 31, 1999
Class IA............... 672,678 0.79 0.79 (0.15) 120.71
From inception
November 9, 1999,
through December 31,
1999
Class IB............... 36 0.97(1) 1.04(1) (0.32)(1) --
For the Year Ended
December 31
1998................... 143,494 0.79 -- (0.15) 134.07
From inception,
July 15, 1997 through
December 31, 1997..... 27,589 0.46(1) 0.86(1) 0.45(1)(3) 46.10
HARTFORD INTERNATIONAL
OPPORTUNITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1,567,313 0.76(1) 0.76(1) 1.25(1) 79.39
Class IB............... 11,423 0.94(1) 1.01(1) 1.07(1) --
For the Year Ended
December 31, 1999
Class IA............... 1,574,836 0.78 0.78 1.20 133.20
Class IB............... 3,203 0.96 1.03 1.02 --
For the Year Ended
December 31, 1998
Class IA............... 1,196,694 0.77 -- 1.51 157.39
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 663 0.94(1) -- 0.71(1) --
For the Year Ended
December 31
1997................... 1,092,946 0.77 -- 1.48 72.70
1996................... 996,543 0.79 -- 1.74 70.00
1995................... 686,475 0.86 -- 1.60 55.60
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford) reached $20 million. The ratio of
expenses to average net assets would have been higher if management fees
were not waived. The ratio of net investment income to average net assets
would have been lower if management fees were not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts for Class IB have been restated to reflect a reverse
stock split effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
_____________________________________ MF-81 ____________________________________
<PAGE>
HARTFORD MUTUAL FUNDS
--------------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA(4) --
---------------------------------------------------------------------------
NET REALIZED
AND
NET ASSET UNREALIZED DIVIDENDS DIVIDENDS
VALUE AT NET GAIN TOTAL FROM FROM NET IN EXCESS OF
BEGINNING INVESTMENT (LOSS) ON INVESTMENT INVESTMENT NET INVESTMENT
OF PERIOD INCOME INVESTMENTS OPERATIONS INCOME INCOME
--------- ---------- ------------ ---------- ---------- --------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL LEADERS
HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ 1.913 $ 0.007 $ 0.051 $ 0.058 $ -- $ --
Class IB............... 1.912 (0.005) 0.061 0.056 -- --
For the Year Ended
December 31, 1999
Class IA............... 1.285 0.003 0.642 0.645 (0.003) --
Class IB............... 1.285 0.007 0.634 0.641 -- --
From inception,
September 30, 1998
through December 31,
1998
Class IA............... 1.000 0.001 0.318 0.319 (0.002) --
Class IB............... 1.000 0.002 0.316 0.318 (0.001) --
HARTFORD STOCK HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 7.147 0.021 (0.094) (0.073) (0.002) --
Class IB............... 7.151 0.049 (0.128) (0.079) (0.002) --
For the Year Ended
December 31, 1999
Class IA............... 6.562 0.050 1.143 1.193 (0.049) --
Class IB............... 11.884(6) 0.021(6) 1.200(6) (10.687)(6) (0.056)(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 5.123 0.051 1.622 1.673 (0.050) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 10.793(6) 0.043(6) 1.565(6) 1.608(6) (0.517)(6) --(6)
For the Year Ended
December 31
1997................... 4.143 0.050 1.196 1.246 (0.049) --
1996................... 3.527 0.060 0.763 0.823 (0.059) --
1995................... 2.801 0.070 0.840 0.910 (0.070) --
HARTFORD GROWTH AND
INCOME HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1.432 0.002 0.022 0.024 -- --
Class IB............... 1.430 (0.009) 0.031 0.022 -- --
For the Year Ended
December 31, 1999
Class IA............... 1.186 0.004 0.255 0.259 (0.004) --
Class IB............... 1.185 0.006 0.250 0.256 (0.002) --
From inception,
May 31, 1998 through
December 31, 1998
Class IA............... 1.000 0.005 0.185 0.190 (0.004) --
Class IB............... 1.000 0.009 0.179 0.188 (0.003) --
HARTFORD DIVIDEND AND
GROWTH HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2.149 0.016 (0.047) (0.031) (0.002) --
Class IB............... 2.151 0.020 (0.053) (0.033) (0.002) --
For the Year Ended
December 31, 1999
Class IA............... 2.160 0.034 0.075 0.109 (0.035) --
Class IB............... 2.267(6) 0.024(6) 0.077(6) 0.101(6) (0.034)(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 1.952 0.033 0.280 0.313 (0.035) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 2.253(6) 0.016(6) 0.068(6) 0.084(6) (0.070)(6) --(6)
For the Year Ended
December 31
1997................... 1.547 0.035 0.445 0.480 (0.031) --
1996................... 1.317 0.034 0.258 0.292 (0.034) --
1995................... 0.994 0.033 0.323 0.356 (0.033) --
HARTFORD INDEX HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 4.189 0.015 (0.044) (0.029) -- --
Class IB............... 4.189 0.033 (0.066) (0.033) -- --
For the Year Ended
December 31, 1999
Class IA............... 3.570 0.034 0.685 0.719 (0.040) --
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... 3.922 0.004 0.298 0.302 (0.032) --
For the Year Ended
December 31
1998................... 2.878 0.032 0.759 0.791 (0.027) --
1997................... 2.382 0.035 0.692 0.727 (0.035) --
1996................... 2.028 0.044 0.393 0.437 (0.044) --
1995................... 1.522 0.044 0.507 0.551 (0.044) --
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-82 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA --
---------------------------------------------------------------------------
DISTRIBUTIONS
FROM NET NET ASSET
REALIZED NET INCREASE VALUE AT
GAINS ON DISTRIBUTIONS TOTAL (DECREASE) IN END TOTAL
INVESTMENTS FROM CAPITAL DISTRIBUTIONS NET ASSETS VALUE OF PERIOD RETURN
-------------- ------------- ------------- ------------------ --------- ------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL LEADERS
HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ (0.011) $ -- $(0.011) $ 0.047 $1.960 3.03%
Class IB............... (0.011) -- (0.011) 0.045 1.957 2.93
For the Year Ended
December 31, 1999
Class IA............... (0.014) -- (0.017) 0.628 1.913 50.37
Class IB............... (0.014) -- (0.014) 0.627 1.912 50.11
From inception,
September 30, 1998
through December 31,
1998
Class IA............... (0.032) -- (0.034) 0.285 1.285 31.88(2)
Class IB............... (0.032) -- (0.033) 0.285 1.285 31.82(2)
HARTFORD STOCK HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.748) -- (0.750) (0.823) 6.324 (0.97)
Class IB............... (0.748) -- (0.750) (0.829) 6.322 (1.06)
For the Year Ended
December 31, 1999
Class IA............... (0.559) -- (0.608) 0.585 7.147 19.78
Class IB............... (5.898)(6) --(6) 5.954(6) (4.733)(6) 7.151(6) 19.57
For the Year Ended
December 31, 1998
Class IA............... (0.184) -- (0.234) 1.439 6.562 33.47(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.517)(6) 1.092(6) 11.884(6) 14.91(2)
For the Year Ended
December 31
1997................... (0.217) -- (0.266) 0.980 5.123 31.38
1996................... (0.148) -- (0.207) 0.616 4.143 24.37
1995................... (0.114) -- (0.184) 0.726 3.527 34.10
HARTFORD GROWTH AND
INCOME HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.014) -- (0.014) 0.010 1.442 1.69
Class IB............... (0.014) -- (0.014) 0.008 1.438 1.60
For the Year Ended
December 31, 1999
Class IA............... (0.009) -- (0.013) 0.246 1.432 21.82
Class IB............... (0.009) -- (0.011) 0.245 1.430 21.61
From inception,
May 31, 1998 through
December 31, 1998
Class IA............... -- -- (0.004) 0.186 1.186 19.05(2)
Class IB............... -- -- (0.003) 0.185 1.185 18.82(2)
HARTFORD DIVIDEND AND
GROWTH HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.193) -- (0.195) (0.226) 1.923 (1.51)
Class IB............... (0.193) -- (0.195) (0.228) 1.923 (1.60)
For the Year Ended
December 31, 1999
Class IA............... (0.085) -- (0.120) (0.011) 2.149 5.31
Class IB............... (0.183)(6) --(6) (0.217)(6) (0.116)(6) 2.151(6) 5.12
For the Year Ended
December 31, 1998
Class IA............... (0.070) -- (0.105) 0.208 2.160 16.42(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.070)(6) 0.014(6) 2.267(6) 3.67(2)
For the Year Ended
December 31
1997................... (0.044) -- (0.075) 0.405 1.952 31.89
1996................... (0.028) -- (0.062) 0.230 1.547 22.91
1995................... -- -- (0.033) 0.323 1.317 36.37
HARTFORD INDEX HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.039) -- (0.039) (0.068) 4.121 (0.66)
Class IB............... (0.039) -- (0.039) (0.072) 4.117 (0.75)
For the Year Ended
December 31, 1999
Class IA............... (0.060) -- (0.100) 0.619 4.189 20.49
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... (0.003) -- 0.035 0.267 4.189 7.73(2)
For the Year Ended
December 31
1998................... (0.072) -- (0.099) 0.692 3.570 28.06
1997................... (0.196) -- (0.231) 0.496 2.878 32.61
1996................... (0.039) -- (0.083) 0.354 2.382 22.09
1995................... (0.001) -- (0.045) 0.506 2.028 36.55
<CAPTION>
-- RATIOS AND SUPPLEMENTAL DATA --
------------------------------------------------------------------------
RATIO OF RATIO OF RATIO OF
EXPENSES EXPENSES NET
NET ASSETS TO AVERAGE TO AVERAGE INVESTMENT
AT END OF NET ASSETS NET ASSETS INCOME PORTFOLIO
PERIOD AFTER BEFORE TO AVERAGE TURNOVER
(IN THOUSANDS) WAIVERS WAIVERS NET ASSETS RATE(7)
-------------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD GLOBAL LEADERS
HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ 477,910 0.80%(1) 0.80%(1) 1.01%(1) 221.44%
Class IB............... 7,164 0.98(1) 1.05(1) 0.83(1) --
For the Year Ended
December 31, 1999
Class IA............... 179,675 0.86 0.91 0.54 207.43
Class IB............... 69 1.04 1.16 0.36(3) --
From inception,
September 30, 1998
through December 31,
1998
Class IA............... 5,761 0.89(1) 1.46(1) 0.63(1)(3) 47.89
Class IB............... 39 0.98(1) 1.55(1) 0.59(1)(3) --
HARTFORD STOCK HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 9,446,868 0.48(1) 0.48(1) 0.67(1) 18.14
Class IB............... 79,262 0.66(1) 0.73(1) 0.49(1) --
For the Year Ended
December 31, 1999
Class IA............... 9,400,385 0.48 0.48 0.80 38.54
Class IB............... 47,439 0.66 0.73 0.62 --
For the Year Ended
December 31, 1998
Class IA............... 7,183,046 0.46 -- 0.95 27.13
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 10,167 0.65(1) -- 0.73(1) --
For the Year Ended
December 31
1997................... 4,713,322 0.45 -- 1.11 31.60
1996................... 2,994,209 0.46 -- 1.59 42.30
1995................... 1,876,884 0.48 -- 2.23 52.90
HARTFORD GROWTH AND
INCOME HLS FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 414,487 0.80(1) 0.80(1) 0.42(1) 38.45
Class IB............... 1,545 0.98(1) 1.05(1) 0.24(1) --
For the Year Ended
December 31, 1999
Class IA............... 201,857 0.82 0.82 0.63 53.75
Class IB............... 14 1.00 1.07 0.45 --
From inception,
May 31, 1998 through
December 31, 1998
Class IA............... 25,312 0.28(1) 0.84(1) 1.42(1)(3) 29.58
Class IB............... 11 0.44(1) 1.00(1) 1.34(1)(3) --
HARTFORD DIVIDEND AND
GROWTH HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2,914,867 0.68(1) 0.68(1) 1.63(1) 32.51
Class IB............... 18,830 0.86(1) 0.93(1) 1.45(1) --
For the Year Ended
December 31, 1999
Class IA............... 3,207,733 0.68 0.68 1.60 55.93
Class IB............... 16,087 0.86 0.93 1.42 --
For the Year Ended
December 31, 1998
Class IA............... 3,031,293 0.66 -- 1.81 48.21
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 8,600 0.85(1) -- 1.57(1) --
For the Year Ended
December 31
1997................... 1,994,653 0.68 -- 2.21 34.20
1996................... 879,980 0.73 -- 2.52 56.90
1995................... 265,070 0.77 -- 2.91 41.40
HARTFORD INDEX HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2,622,420 0.43(1) 0.43(1) 0.76(1) 2.10
Class IB............... 4,042 0.61(1) 0.68(1) 0.58(1) --
For the Year Ended
December 31, 1999
Class IA............... 2,581,436 0.43 0.43 0.95 2.83
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... 11 0.61(1) 0.68(1) 0.77(1) --
For the Year Ended
December 31
1998................... 1,846,117 0.40 -- 1.21 4.50
1997................... 1,123,455 0.39 -- 1.52 5.70
1996................... 621,065 0.39 -- 2.07 19.30
1995................... 318,253 0.39 -- 2.46 1.50
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
_____________________________________ MF-83 ____________________________________
<PAGE>
HARTFORD MUTUAL FUNDS
--------------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA(4) --
---------------------------------------------------------------------------
NET REALIZED
AND
NET ASSET UNREALIZED DIVIDENDS DIVIDENDS
VALUE AT NET GAIN TOTAL FROM FROM NET IN EXCESS OF
BEGINNING INVESTMENT (LOSS) ON INVESTMENT INVESTMENT NET INVESTMENT
OF PERIOD INCOME INVESTMENTS OPERATIONS INCOME INCOME
--------- ---------- ------------ ---------- ---------- --------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD INTERNATIONAL
ADVISERS HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $1.397 $ 0.026 $(0.048) $(0.022) $(0.016) $ --
Class IB............... 1.397 0.028 (0.052) (0.024) (0.016) --
For the Year Ended
December 31, 1999
Class IA............... 1.155 0.040 0.227 0.267 (0.025) --
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... 1.300 0.004 0.118 0.122 (0.025) --
For the Year Ended
December 31
1998................... 1.175 0.064 0.082 0.146 (0.039) (0.006)
1997................... 1.167 0.056 0.006 0.062 (0.050) --
1996................... 1.109 0.040 0.093 0.133 (0.051) --
From inception,
March 1, 1995, through
December 31, 1995..... 1.000 0.030 0.126 0.156 (0.030) --
HARTFORD ADVISERS HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 2.965 0.034 (0.021) 0.013 (0.006) --
Class IB............... 2.966 0.043 (0.032) 0.011 (0.006) --
For the Year Ended
December 31, 1999
Class IA............... 2.985 0.068 0.221 0.289 (0.063) --
Class IB............... 3.577(6) 0.061(6) 0.221(6) 0.282(6) (0.064)(6) --(6)
For the Year Ended
December 31, 1998
Class IA............... 2.527 0.061 0.546 0.607 (0.060) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 3.371(6) 0.034(6) 0.367(6) 0.401(6) (0.195)(6) --(6)
For the Year Ended
December 31
1997................... 2.169 0.056 0.455 0.511 (0.055) --
1996................... 1.958 0.059 0.255 0.314 (0.059) --
1995................... 1.600 0.064 0.377 0.441 (0.064) --
HARTFORD HIGH YIELD HLS
FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1.005 0.041 (0.043) (0.002) (0.001) --
Class IB............... 1.005 (0.013) 0.010 (0.003) (0.001) --
For the Year Ended
December 31, 1999
Class IA............... 1.017 0.060 (0.013) 0.047 (0.059) --
Class IB............... 1.017 0.085 (0.039) 0.046 (0.058) --
From inception,
September 21, 1998
through December 31,
1998
Class IA............... 1.000 0.019 0.017 0.036 (0.019) --
Class IB............... 1.000 0.022 0.014 0.036 (0.019) --
HARTFORD BOND HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 0.994 0.033 0.015 0.048 (0.005) --
Class IB............... 0.995 0.033 0.014 0.047 (0.005) --
For the Year Ended
December 31, 1999
Class IA............... 1.081 0.062 (0.084) (0.022) (0.058) --
Class IB............... 1.083(6) 0.061(6) (0.084)(6) (0.023)(6) (0.057)(6) (0.008)(6)
For the Year Ended
December 31, 1998
Class IA............... 1.050 0.053 0.032 0.085 (0.054) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 1.075(6) 0.023(6) 0.040(6) 0.063(6) (0.055)(6) --(6)
For the Year Ended
December 31
1997................... 1.000 0.063 0.047 0.110 (0.060) --
1996................... 1.028 0.064 (0.029) 0.035 (0.063) --
1995................... 0.926 0.064 0.102 0.166 (0.064) --
HARTFORD MORTGAGE
SECURITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 1.039 0.037 (0.001) 0.036 (0.008) --
Class IB............... 1.039 0.056 (0.021) 0.035 (0.008) --
For the Year Ended
December 31, 1999
Class IA............... 1.085 0.068 (0.052) 0.016 (0.062) --
From inception
November 9, 1999,
through December 31,
1999
Class IB............... 1.107 0.009 (0.016) 0.007 (0.061) --
For the Year Ended
December 31
1998................... 1.084 0.067 0.006 0.073 (0.067) (0.003)
1997................... 1.056 0.071 0.022 0.093 (0.065) --
1996................... 1.071 0.069 (0.018) 0.051 (0.066) --
1995................... 0.984 0.068 0.087 0.155 (0.068) --
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-84 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA --
---------------------------------------------------------------------------
DISTRIBUTIONS
FROM NET NET ASSET
REALIZED NET INCREASE VALUE AT
GAINS ON DISTRIBUTIONS TOTAL (DECREASE) IN END TOTAL
INVESTMENTS FROM CAPITAL DISTRIBUTIONS NET ASSETS VALUE OF PERIOD RETURN
-------------- ------------- ------------- ------------------ --------- ------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD INTERNATIONAL
ADVISERS HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ (0.089) $ -- $(0.105) $(0.127) $1.270 (1.55)%
Class IB............... (0.089) -- (0.105) (0.129) 1.268 (1.64)
For the Year Ended
December 31, 1999
Class IA............... -- -- (0.025) 0.242 1.397 23.16
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... -- -- (0.025) 0.097 1.397 9.35(2)
For the Year Ended
December 31
1998................... (0.032) (0.089) (0.166) (0.020) 1.155 13.35
1997................... (0.004) -- (0.054) 0.008 1.175 5.52
1996................... (0.024) -- (0.075) 0.058 1.167 12.25
From inception,
March 1, 1995, through
December 31, 1995..... (0.017) -- (0.047) 0.109 1.109 13.24(2)
HARTFORD ADVISERS HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... (0.257) -- (0.263) (0.250) 2.715 0.51
Class IB............... (0.257) -- (0.263) (0.252) 2.714 0.42
For the Year Ended
December 31, 1999
Class IA............... (0.246) -- (0.309) (0.020) 2.965 10.59
Class IB............... (0.829)(6) --(6) (0.893)(6) (0.611)(6) 2.966(6) 10.39
For the Year Ended
December 31, 1998
Class IA............... (0.089) -- (0.149) 0.458 2.985 24.66(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.195)(6) 0.206(6) 3.577(6) 11.96(2)
For the Year Ended
December 31
1997................... (0.098) -- (0.153) 0.358 2.527 24.51
1996................... (0.044) -- (0.103) 0.211 2.169 16.59
1995................... (0.019) -- (0.083) 0.358 1.958 28.34
HARTFORD HIGH YIELD HLS
FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... -- -- (0.001) (0.003) 1.002 (0.15)
Class IB............... -- -- (0.001) (0.004) 1.001 (0.24)
For the Year Ended
December 31, 1999
Class IA............... -- -- (0.059) (0.012) 1.005 4.70
Class IB............... -- -- (0.058) (0.012) 1.005 4.49
From inception,
September 21, 1998
through December 31,
1998
Class IA............... -- -- (0.019) 0.017 1.017 3.59(2)
Class IB............... -- -- (0.019) 0.017 1.017 3.53(2)
HARTFORD BOND HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... -- -- (0.005) 0.043 1.037 4.82
Class IB............... -- -- (0.005) 0.042 1.037 2.14
For the Year Ended
December 31, 1999
Class IA............... (0.007) -- (0.065) (0.087) 0.994 (2.02)
Class IB............... --(6) (0.065)(6) (0.088)(6) 0.995(6) (2.19) 15,818
For the Year Ended
December 31, 1998
Class IA............... -- -- (0.054) 0.031 1.081 8.15(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... --(6) --(6) (0.055)(6) 0.008(6) 1.083(6) 5.89(2)
For the Year Ended
December 31
1997................... -- -- (0.060) 0.050 1.050 11.35
1996................... -- -- (0.063) (0.028) 1.000 3.52
1995................... -- -- (0.064) 0.102 1.028 18.49
HARTFORD MORTGAGE
SECURITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... -- -- (0.008) 0.028 1.067 3.35
Class IB............... -- -- (0.008) 0.027 1.066 3.26
For the Year Ended
December 31, 1999
Class IA............... -- -- (0.062) (0.046) 1.039 1.52
From inception
November 9, 1999,
through December 31,
1999
Class IB............... -- -- (0.061) (0.068) 1.039 0.60(2)
For the Year Ended
December 31
1998................... -- (0.002) (0.072) 0.001 1.085 6.72
1997................... -- -- (0.065) 0.028 1.084 9.01
1996................... -- -- (0.066) (0.015) 1.056 5.07
1995................... -- -- (0.068) 0.087 1.071 16.17
<CAPTION>
-- RATIOS AND SUPPLEMENTAL DATA --
------------------------------------------------------------------------
RATIO OF RATIO OF RATIO OF
EXPENSES EXPENSES NET
NET ASSETS TO AVERAGE TO AVERAGE INVESTMENT
AT END OF NET ASSETS NET ASSETS INCOME PORTFOLIO
PERIOD AFTER BEFORE TO AVERAGE TURNOVER
(IN THOUSANDS) WAIVERS WAIVERS NET ASSETS RATE(7)
-------------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD INTERNATIONAL
ADVISERS HLS FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ 414,487 0.83%(1) 0.83%(1) 2.72%(1) 94.84%
Class IB............... 1,545 1.01(1) 1.08(1) 2.54(1) --
For the Year Ended
December 31, 1999
Class IA............... 396,147 0.85 0.85 2.59 141.50
From inception
November 9, 1999,
through December 31,
1999,
Class IB............... 11 1.03(1) 1.10(1) 2.42(1) --
For the Year Ended
December 31
1998................... 285,853 0.86 -- 2.77 161.06
1997................... 207,582 0.87 -- 3.08 162.50
1996................... 104,486 0.96 -- 3.24 95.20
From inception,
March 1, 1995, through
December 31, 1995..... 31,264 0.65(1) 1.23(1) 3.36(1)(3) 47.20
HARTFORD ADVISERS HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 13,759,228 0.66(1) 0.66(1) 2.52(1) 16.86
Class IB............... 182,811 0.84(1) 0.91(1) 2.34(1) --
For the Year Ended
December 31, 1999
Class IA............... 14,082,895 0.65 0.66 2.46 38.38
Class IB............... 137,318 0.83 0.91 2.28 --
For the Year Ended
December 31, 1998
Class IA............... 11,805,411 0.63 -- 2.40 36.67
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 34,714 0.83(1) -- 2.22(1) --
For the Year Ended
December 31
1997................... 8,283,912 0.63 -- 2.44 36.10
1996................... 5,879,529 0.63 -- 2.92 53.80
1995................... 4,262,769 0.65 -- 3.57 63.50
HARTFORD HIGH YIELD HLS
FUND
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 55,811 0.83(1) 0.83(1) 9.02(1) 39.47
Class IB............... 573 1.01(1) 1.08(1) 8.84(1) --
For the Year Ended
December 31, 1999
Class IA............... 52,731 0.72 0.84 8.36(3) 46.94
Class IB............... 102 0.90 1.09 8.18 --
From inception,
September 21, 1998
through December 31,
1998
Class IA............... 14,482 0.35(1) 0.92(1) 8.04(1)(3) 15.40
Class IB............... 102 0.53(1) 1.10(1) 7.77(1)(3) --
HARTFORD BOND HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 970,073 0.54(1) 0.54(1) 6.31(1) 94.56
Class IB............... 20,708 0.72(1) 0.79(1) --
For the Year Ended
December 31, 1999
Class IA............... 978,861 0.52 0.52 6.09 110.70
Class IB............... 0.70 0.77 5.91 --
For the Year Ended
December 31, 1998
Class IA............... 902,480 0.50 -- 5.86 122.33
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 5,285 0.69(1) -- 5.54(1) --
For the Year Ended
December 31
1997................... 552,870 0.51 -- 6.58 112.90(5)
1996................... 402,548 0.52 -- 6.37 212.00
1995................... 342,495 0.53 -- 6.51 215.00
HARTFORD MORTGAGE
SECURITIES HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... 306,413 0.49(1) 0.48(1) 6.32(1) 207.78
Class IB............... 234 0.67(1) 0.74(1) 6.13(1) --
For the Year Ended
December 31, 1999
Class IA............... 339,767 0.48 0.48 5.98 472.00
From inception
November 9, 1999,
through December 31,
1999
Class IB............... 9 0.66(1) 0.73(1) 5.80(1) --
For the Year Ended
December 31
1998................... 356,834 0.46 -- 6.18 207.80
1997................... 325,702 0.45 -- 6.60 46.50(5)
1996................... 325,495 0.45 -- 6.67 201.00
1995................... 327,565 0.47 -- 6.50 489.40
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
_____________________________________ MF-85 ____________________________________
<PAGE>
HARTFORD MUTUAL FUNDS
--------------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA(4) --
---------------------------------------------------------------------------
NET REALIZED
AND
NET ASSET UNREALIZED DIVIDENDS DIVIDENDS
VALUE AT NET GAIN TOTAL FROM FROM NET IN EXCESS OF
BEGINNING INVESTMENT (LOSS) ON INVESTMENT INVESTMENT NET INVESTMENT
OF PERIOD INCOME INVESTMENTS OPERATIONS INCOME INCOME
--------- ---------- ------------ ---------- ---------- --------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD MONEY MARKET HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $1.000 $0.034 $-- $ 0.034 $(0.034) $--
Class IB............... 1.000 0.033 -- 0.033 (0.033) --
For the Year Ended
December 31, 1999
Class IA............... 1.000 0.070 -- 0.070 (0.070) --
Class IB............... 1.000 0.068 -- 0.068 (0.068) --
For the Year Ended
December 31, 1998
Class IA............... 1.000 0.051 -- 0.051 (0.051) --
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 1.000 0.037 -- 0.037 (0.037) --
For the Year Ended
December 31
1997................... 1.000 0.049 -- 0.049 (0.049) --
1996................... 1.000 0.050 -- 0.050 (0.050) --
1995................... 1.000 0.056 -- 0.056 (0.056) --
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THIS FINANCIAL STATEMENT.
_____________________________________ MF-86 ____________________________________
<PAGE>
<TABLE>
<CAPTION>
-- SELECTED PER-SHARE DATA --
---------------------------------------------------------------------------
DISTRIBUTIONS
FROM NET NET ASSET
REALIZED NET INCREASE VALUE AT
GAINS ON DISTRIBUTIONS TOTAL (DECREASE) IN END TOTAL
INVESTMENTS FROM CAPITAL DISTRIBUTIONS NET ASSETS VALUE OF PERIOD RETURN
-------------- ------------- ------------- ------------------ --------- ------------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD MONEY MARKET HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $-- $-- $(0.034) -$- $1.000 2.86%
Class IB............... -- -- (0.033) -- 1.000 2.76
For the Year Ended
December 31, 1999
Class IA............... -- -- (0.070) -- 1.000 4.89
Class IB............... -- -- (0.068) -- 1.000 4.71
For the Year Ended
December 31, 1998
Class IA............... -- -- (0.051) -- 1.000 5.25(2)
From inception
April 1, 1998, through
December 31, 1998
Class IB............... -- -- (0.037) -- 1.000 3.76(2)
For the Year Ended
December 31
1997................... -- -- (0.049) -- 1.000 5.31
1996................... -- -- (0.050) -- 1.000 5.18
1995................... -- -- (0.056) -- 1.000 5.74
<CAPTION>
-- RATIOS AND SUPPLEMENTAL DATA --
------------------------------------------------------------------------
RATIO OF RATIO OF RATIO OF
EXPENSES EXPENSES NET
NET ASSETS TO AVERAGE TO AVERAGE INVESTMENT
AT END OF NET ASSETS NET ASSETS INCOME PORTFOLIO
PERIOD AFTER BEFORE TO AVERAGE TURNOVER
(IN THOUSANDS) WAIVERS WAIVERS NET ASSETS RATE(7)
-------------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
HARTFORD MONEY MARKET HLS
FUND, INC.
For the Six Months
Ended June 30, 2000
(Unaudited)
Class IA............... $ 1,122,865 0.48%(1) 0.48%(1) 5.72%(1) N/A
Class IB............... 15,035 0.66(1) 1.36(1) 5.54(1) --
For the Year Ended
December 31, 1999
Class IA............... 1,257,436 0.47 0.47 4.81 N/A
Class IB............... 8,804 0.65 0.72 4.63 --
For the Year Ended
December 31, 1998
Class IA............... 872,486 0.45 -- 5.12 N/A
From inception
April 1, 1998, through
December 31, 1998
Class IB............... 2,179 0.64(1) -- 4.81(1) --
For the Year Ended
December 31
1997................... 612,480 0.44 -- 5.21 N/A
1996................... 542,586 0.44 -- 5.04 N/A
1995................... 339,709 0.45 -- 5.57 N/A
</TABLE>
(1) Annualized.
(2) Not annualized.
(3) Management fees were waived until assets (excluding assets contributed by
companies affiliated with The Hartford Investment Management Company)
reached $20 million. The ratio of expenses to average net assets would have
been higher if management fees were not waived. The ratio of net investment
income to average net assets would have been lower if management fees were
not waived.
(4) Information presented relates to a share of capital stock outstanding for
the indicated period.
(5) Excluding mortgage dollar rolls.
(6) Per share amounts have been restated to reflect a reverse stock split for
Class B shares effective September 17, 1999 (see note 12).
(7) Portfolio turnover rate is calculated on the basis of the Fund as a whole
without distinguishing between the classes of shares issued.
_____________________________________ MF-87 ____________________________________
<PAGE>
Hartford Life Insurance Companies
P.O. Box 2999
Hartford, CT 06104-2999
--------------
PRSRT STD
U.S. POSTAGE
PAID
LEOMINSTER, MA
PERMIT NO. 17
--------------
HV-2233-4
Printed in U.S.A. -Registered Trademark- 2000 The Hartford, Hartford, CT 06115
